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Dawood Islamic given 'AA' rating
- Middle East: Tuesday, August 18 - 2009 at 09:47
Islamic International Rating Agency (IIRA) has assigned Shariah Quality Rating of 'AA' to Pakistan-based Dawood Islamic Bank Limited (DIBL). The rating reflects IIRA's opinion that DIBL conforms to very high standards of Shari'ah compliance in all aspects of Shari'ah quality analysis. DIBL is a joint venture between Pakistan-based First Dawood Group and the Islamic Corporation for the Development of the Private Sector (ICD) in Jeddah, Unicorn Investment Bank in Bahrain, Al Safat Investment Company in Kuwait, Gargash Enterprises in Dubai, in addition to individual investors from Singapore and Saudi Arabia.
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StaffTuesday, August 18 - 2009 at 09:47 UAE local time (GMT+4)
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