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References in periodicals archive ?
* Chairman, Shariah Board International Islamic Rating Agency.
It is worth noting that the Bank of Khartoum recently has obtained a long-term credit rating (AA-) and a short-term rating (A-1) with a stable outlook from the International Islamic Rating Agency in the 17 of July 2017.
The good work of the Islamic Financial Services Board, the Accounting and Auditing Organization for Islamic Financial Institutions, the International Islamic Financial Market and the International Islamic Rating Agency, during the past decade or so has been absolutely crucial in this regard.
The Accounting & Auditing Organisation for Islamic Financial Institutions (AAOIFI), the International Islamic Rating Agency (IIRA), the Islamic Financial Services Board (IFSB) and the International Islamic Liquidity Management Corporation (IILM) are the major institutions among them.
The majority (89 per cent) of the IIFS group surveyed has not considered an external rating from an Islamic rating agency. It appears that there is a gap between Islamic rating agencies and the IIFS in understanding the importance and the need for Islamic rating, its methodologies and approach.
Barring any unexpected political or economic development, the country is anticipated to grow at an improved pace in 2012, according to the International Islamic Rating Agency (IIRA).
Bahrain had posted positive real GDP growth throughout this difficult economic period, said the International Islamic Rating Agency (IIRA) in its report on the Kingdom.
Manama: June 19 -- (BNA) The International Islamic Rating Agency (IIRA) has classified the Kingdom of Bahrain at (-A) rating for long-term debts in local and foreign currencies, and (A2) rating for short-term debts in local and foreign currencies and (AAA/A+)1 for nationwide short- and medium-term debts and a (stable) futuristic outlook for all levels on the international credit rating scale affirming Bahrain's sound and strong economic position.
A specific Islamic rating agency is needed to provide consistent analysis of quantitative and qualitative factors, as well as a comprehensive assessment of risk profiles.
Bahrain plays host to a number of organizations central to the development of Islamic finance including the Accounting and Auditing Organization for Islamic Financial Institutions, the General Council for Islamic Banks and Financial Institutions, the International Islamic Financial Market and the International Islamic Rating Agency. Excellent opportunities for growth remain in mutual funds, fund administration, project finance, private banking and asset management.
Other leading players that have already confirmed their role as key sponsors include Al Rajhi Financial Services, Ernst and Young, Arbah Capital, ASAR Legal, Calyx Financial, DWS Investments, International Islamic Rating Agency and OHAD Trusts, Corporate and Financial Services WLL.Major industry announcements will also be made in the conference.
MANAMA: The International Islamic Rating Agency (IIRA) has assigned a long-term sovereign rating of A minus for Bahrain on both foreign currency and local currency scales.
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