Mardig Haladjian

With more Islamic institutions looking for ratings, the general manager of the financial institutions group at Moody's in Cyprus explains how the agency rates these names versus conventional credits


Q: What is the extent of Moody's involvement in rating Islamic financial institutions?

A: Moody's has ratings on some banks founded under Islamic principles, such as Al-Rajhi Banking and Investment Corp and Kuwait Finance House, as well as banks that have converted some or all of their operations to be shariah compliant, such as some of the banks in Saudi Arabia. Moody's continues to expand its rating coverage of Islamic financial institutions and has also been involved in rating some

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