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COUNTRY RISK REPORT ALONG THE BELT AND ROAD (2022)

IIRA Reaffirms Sovereign Ratings of Malaysia

IIRA Reaffirms Sovereign Ratings of Turkiye

IIRA Maintains Ratings of the Kuveyt Türk Participation Bank

IIRA Maintains Credit Ratings of the International Islamic Trade Finance Corporation

IIRA Revises Ratings of Al Rajih Islamic Bank

IIRA Reaffirms Fiduciary Ratings to Iraq Noor Islamic Bank while placing the ratings on a ‘Rating Watch’

IIRA reaffirms Shari’a Quality Rating of Jordan Islamic Bank (JIB)

IIRA places ratings of Al Janoob Islamic Bank for Investment and Finance on ‘Rating Watch’

IIRA Maintains Shari’ah Compliance and Fiduciary Rating of “SCFR (ksa) 1” on National Scale and assesses SCFR (Global) at ‘High’ for Al Rajhi Takaful (ART)

IIRA Assigns Initial Ratings to Iraqi Islamic Bank for Investment and Development

RESOURCE CENTER

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Commentaries & Views

SOCIAL PERFORMANCE EVALUATION SCOPE AND INDICATORS

A third party assessment of the impact created by a Social Service Provider (‘SSP’ or ‘programme’) ...

SUPRNATIONAL ENTITIES – CONCEPT NOTE ON NOTCHING CRITERIA

In this document, IIRA has laid down specific factors that apply to supranational entities ...

SHARI’AH COMPLIANCE AND FIDUCIARY RATING

The Shari’ah Compliance and Fiduciary Rating aims to provide information and independentassessment ...

FIDUCIARY METHODOLOGY

The evolution of Islamic Finance as a parallel to conventional finance has gained significant ...

SOVEREIGN RATING POLICY AND METHODOLOGY

IIRA’s sovereign rating methodology has been outlined to provide clarity on the economic and social dimensions typically involved ...

CREDIT RATING METHODOLOGY FOR COMMERCIAL BANKS

IIRA’s rating framework for commercial banks comprises three broad areas of analysis ...

TAKAFUL RATING

Over the years, insurance had evolved on the “risk-sharing” concept (based on mutuality) ...

INDUSTRIAL CORPORATES RATING METHODOLOGY

Credit ratings inculcate transparency and invite investor confidence as they are a third party ...

NEW FRONTIERS IN ISLAMIC FINANCE

This article was first published in IFN Volume 21 Issue 1 dated the 3rd January 2024 ...

ISLAMIC INTERNATIONAL RATING AGENCY (IIRA) SIGNS A MEMORANDUM OF UNDERSTANDING WITH LIBYAN CAPITAL MARKET AUTHORITY (LCMA)

Libyan

Manama, March 23, 2022 – The Islamic International Rating Agency (IIRA) and Libyan Capital Market Authority (LCMA) signed a Memorandum of Understanding (MoU) to ...

Ratings Islamic Banks in Iraq

Iraq

IIRA set to provide ratings to Islamic Banks in Iraq ...

IIRA’S SUBSIDIARY IN TÜRKIYE – NIS, OBTAINS LICENSE AS AN AUTHORIZED CREDIT RATING AGENCY FROM THE CAPITAL MARKETS BOARD OF TÜRKIYE

Türkiye

IIRA’s Subsidiary in Türkiye – NIS, Obtains License as an Authorized Credit Rating Agency from the Capital Markets Board of Türkiye...

IIRA to Operate as a licensed Credit Rating agency in the sultanate of Oman

Oman

We are pleased to announce that according to a communication by the Capital Market Authority (CMA) of Sultanate of Oman (Oman) ...

An Introduction IIRA

A credit rating is an independent and objective OPINION on the ability ...

Evolution of Corporate Governance in Islamic Banks

The importance of credit ratings to investors and other market participants ...

Evolution of Corporate Governance in Islamic Banks

The continuing fallout from the global financial crisis underscores the need for good corporate governance practices, ...

ECONOMIC & BANKING SECTOR OVERVIEW

Bangladesh

GDP growth of Bangladesh slowed down to 6.1% for FY23 (FY22:7.1%) as per the estimates of Bangladesh Bank...

ECONOMIC & BANKING SECTOR OVERVIEW

Pakistan

The real GDP growth decelerated significantly to 0.3% in FY23, from around 6% during the previous two...

ECONOMIC & BANKING SECTOR OVERVIEW

Egypt

GDP growth of Egypt slowed down to 3.8% in FY2022/2023 and is likely to remain in similar range in...

ECONOMIC & BANKING SECTOR OVERVIEW

State of Libya

With per capita GDP of around USD6,700, Libya has one of the highest GDP per capita levels in Africa...

ECONOMIC & BANKING SECTOR OVERVIEW

Iraq

Iraq’s economy reflects high dependence on oil that comprises almost 90% of government revenues ...

ECONOMIC & FINANCIAL SECTOR OVERVIEW

Lebanon

Neighboring on the east and north with Syria, on the south with Palestine, Lebanon (or ...

ECONOMIC & BANKING SECTOR OVERVIEW

South Africa

The Republic of South Africa (“South Africa” or “SA” or “the country”) is the third largest economy in the African sub...

ECONOMIC & BANKING SECTOR OVERVIEW

Bangladesh

Bangladesh has made rapids strides marked by a consistently growing ...