the global financial crisis: can islamic finance help? - Institute of ...
the global financial crisis: can islamic finance help? - Institute of ...
the global financial crisis: can islamic finance help? - Institute of ...
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NEWHORIZON Muharrum–Rabi Al Awwal 1430<br />
RATINGS & INDICES<br />
Islamic <strong>financial</strong> institutions and instruments<br />
Below is a monthly list <strong>of</strong> <strong>the</strong> latest long and short-term credit ratings for each Islamic <strong>financial</strong> institution and <strong>financial</strong><br />
instruments monitored by Capital Intelligence (CI), an international credit rating agency. Detailed information on rating<br />
processes and definitions <strong>can</strong> be found on <strong>the</strong> CI’s website www.ciratings.com<br />
CURRENT RATING<br />
11th December 2008<br />
FOREIGN CURRENCY<br />
OUTLOOK<br />
FINANCIAL<br />
SUPPORT<br />
LONG TERM SHORT TERM STRENGTH<br />
ISLAMIC BANKS<br />
FC<br />
FSR<br />
SINCE<br />
Abu Dhabi Islamic Bank A A2 A 2 Stable Stable Jun 2007<br />
Al Baraka Islamic Bank (Bahrain) BB+ A3 BB 2 Stable Stable Oct 2008<br />
Al Rajhi Banking & Investment Corp. A+ A1 A+ 2 Stable Stable Jan 2008<br />
Bahrain Islamic Bank BBB A3 BBB 3 Stable Stable Sep 2007<br />
Bank Islam Malaysia BBB- A3 BB+ 2 Stable Stable Jan 2008<br />
Faysal Bank (Pakistan) B- C BB 3 Negative Stable Oct 2008<br />
Gulf Finance House BBB+ A2 BBB+ 4 Stable Stable Oct 2008<br />
Jordan Islamic Bank for Finance & Investment BB B BBB- 3 Stable Stable Nov 2007<br />
Kuwait Finance House A+ A1 A+ 2 Stable Stable Jul 2008<br />
Qatar International Islamic Bank BBB+ A2 BBB+ 3 Stable Stable Jul 2008<br />
Qatar Islamic Bank A A2 A 3 Stable Stable Aug 2008<br />
Sharjah Islamic Bank A- A2 BBB+ 2 Stable Stable Jul 2008<br />
Shamil Bank <strong>of</strong> Bahrain BBB A3 BBB 3 Stable Stable Sep 2007<br />
The National Commercial Bank AA- A1+ AA- 1 Stable Stable Sep 2008<br />
Tadhamon International Islamic Bank B- B BB- 3 Stable Stable Oct 2007<br />
CORPORATE RATING<br />
OUTLOOK SINCE<br />
LONG TERM SHORT TERM<br />
FINANCIAL INSTITUTIONS<br />
Al Tawfeek Company for Investment Funds Limited BBB A2 Stable Feb 2008<br />
A'Ayan Leasing & Investment Co BBB A3 Stable Oct 2008<br />
First Investment Co BBB A3 Stable Feb 2008<br />
Grand Real Estate Projects Co BB B Stable Nov 2006<br />
Investment Dar Company BBB+ A3 Stable Oct 2007<br />
International Investment Group BB B Positive Dec 2006<br />
CAPIVEST BB+ A3 Stable Jan 2007<br />
All ratings are reviewed<br />
on a regular basis<br />
SUKUK RATING<br />
OUTLOOK SINCE<br />
LONG TERM SHORT TERM<br />
FINANCIAL INSTRUMENTS<br />
Commercial Real Estate Sukuk Company A- Stable Oct 2008<br />
KCMCC Sukuk Company BBB Stable Jul 2008<br />
KSA MBS International Sukuk Co. Ltd A- Stable Oct 2007<br />
Kuwait Resorts Sukuk Co. BSC BBB Stable May 2006<br />
NIG Sukuk Ltd. A Stable Aug 2007<br />
Tijara & Real Estate Investment Sukuk Company BSC BBB+ Stable Jul 2006<br />
www.newhorizon-<strong>islamic</strong>banking.com IIBI 45
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