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Recent Ratings

IIRA Maintains Ratings of Al Baraka Turk and Improves the Fiduciary Score                                        IIRA Reaffirms Takaful Financial Strength Rating of the Islamic Insurance Company                                        IIRA Maintains Ratings of Kuveyt Turk Participation Bank                                        IIRA Affirms Ratings of Sovereign of Turkey with a change in ‘Outlook’                                        IIRA Reaffirms Sovereign Ratings of Malaysia IIRA upgrades Ratings of Faisal Islamic Bank and enhances the corporate governance score within its Fiduciary ratings approach                                       
Entity Country Date National Scale Outlook International Scale Outlook Fiduciary Scores FM Shari’a Quality SCFR Takaful
FCY-LT/ST LCY-LT/ST Aggregate AMQ CG SG
Albaraka Türk Katilim Bankasi A.Ş. Turkey 12-Jul-21 A+(tr)/A1(tr) Stable BB+ / A3 BBB-/A3 Negative 76-80 71-75 81-85 71-75 - - - -
The Islamic Insurance Company PLC Jordan 05-Jul-21 - - - - Stable 76-80 76-80 - 76-80 - - - A
Kuveyt Turk Participation Bank Turkey 22-Jun-21 AA(tr)/A1+(tr) Stable BBB-/A3 BBB/A3 Negative - - - - - - - -
Republic of Turkey Turkey 11-Jun-21 AAA(tr)/A1+(tr) - BBB-/A3 BBB/A3 Negative - - - - - - - -
Faisal Islamic Bank Sudan 7-Jun-21 BBB+(sd)/A2(sd) Stable - - - 66–70 66-70 71-75 71-75 - - - -
Malaysia Malaysia 13-Apr-21 AAA (my)/ A1+ (my) Stable A / A1 A+/ A1 Stable - - - - - - -