Standard & Poor’s Ratings Services said that it believes that the sukuk market has grown large enough to support a transformation in the Islamic fund industry.
The report is titled “Sukuk Funds Poised To Grow As Sukuk Market Continues To Expand”.
T…
Standard and Poor’s Ratings Services has lowered its counterparty credit and insurer financial strength ratings on First Takaful Insurance Co. to ‘BB+’ from ‘BBB-‘. The Kuwait-based insurance company’s ratings were removed from CreditWatch. Outlook is …
Standard & Poor’s Ratings Services said today it lowered its counterparty credit and insurer financial strength ratings on Kuwait-based First Takaful Insurance Co. to ‘BB+’ from ‘BBB-‘.
At the same time, the ratings were removed from CreditWatch, w…
JEDDAH – Standard & Poor’s assigned ‘AAA’ rating to Islamic Development Bank (IDB) $3.5 billion trust certificate issuance program, IDB said in a statement on Wednesday. Standard & Poor’s said the IDB’s ratings are underpinned by strong shareho…
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