Levant Ratings

Entity	Country	Date	DFRA	National Scale	Outlook	International Scale		Outlook	Fiduciary Scores				FM	Shari’a Quality	Takaful
				LT/ST		FCY-LT/ST	LCY-LT/ST		Aggregate	AMQ	CG	SQ
Trust International Islamic Bank Press Release	Iraq	23-Nov-21	-	BBB+ (iq) / A3 (iq)	Stable	B / B	B / B	Stable	66 - 70	66 - 70	66 - 70	66 - 70	-	-	-
Al Baraka Bank Syria Press Release	Syria	27-Oct-21	BBB	NR/NR	-	-	-	-	71 - 75	76 – 80	71 – 75	71 – 75	-	-	-
Al Mustashar Islamic Bank For Investment and Finance P.S.C. - Iraq Press Release	Iraq	6-Oct-21	-	BBB(iq) / A3(iq)	Stable	B / B	B / B	Stable	61 - 65	61 – 65	61 – 65	66 – 70	-	-	-
Asia Aliraq Islamic Bank For Investment and Finance - Iraq Press Release	Iraq	20-Sep-21	-	BBB(iq) / A3(iq)	Stable	B / B	B / B	Stable	61 - 65	55 – 60	61 – 65	66 – 70	-	-	-
Jordan Islamic Bank Press Release	Jordan	18-Aug-21	-	A+(jo)/A1(jo)	-	BB+/A3	-	Stable	-	-	-	-	-	-	-
Albaraka Türk Katilim Bankasi A.Ş. Press Release	Turkey	13-July-20	-	A+(tr)/A1(tr)	Stable	BB+ / A3	BBB-/A3	Negative	76-80	71-75	81-85	71-75	-	-	-
The Islamic Insurance Company PLC Press Release	Jordan	05-Jul-21	-	-	-	-	-	Stable	76-80	76-80	-	76-80	-	-	A
Kuveyt Turk Participation Bank Press Release	Turkey	22-Jun-21	-	AA(tr)/A1+(tr)	Stable	BBB-/A3	BBB/A3	Negative	-	-	-	-	-	-	-
Republic of Turkey Press Release	Turkey	11-Jun-21	-	AAA(tr)/A1+(tr)	-	BBB-/A3	BBB/A3	Negative	-	-	-	-	-	-	-
Albaraka Portfoy Press Release About the Rating	Turkey	1-Apr-21	-	-	-	-	-	-	-	-	-	-	FM2+	-	-
Jordan Islamic Bank Press Release	Jordan	27-Dec-20	-	-	-	-	-	-	-	-	-	-	-	AA+(sq)	-
AlBaraka Bank Lebanon S.A.L. Press Release	Lebanon	31-Dec-18	-	BBB-(lb)/A3(lb)	Stable	-	-	-	66-70	61-65	66-70	76-80	-	-	-