|
Latest News - Moody's voted "Best Islamic
Rating Agency" by Islamic Finance News and "Best Rating
Agency in the Middle East" by
EUROWEEK
Islamic finance is one of the most dynamic
sectors of global finance. Moody’s is an active participant in the
Islamic finance markets, applying the full breadth of Moody’s
experience and expertise to assessing the credit risk of Islamic
banks, insurers, bonds and structured products, more commonly known
as Sukuk.
Islamic Finance seeks to encourage
'ethical' investing that conforms with the
principles of the Islamic faith. Such principles form part of
‘Shari’ah’, which is often understood to be ‘Islamic Law’, but it is
actually broader than this in that it also encompasses the general
body of spiritual and moral obligations and duties in Islam. The
most major difference from conventional finance is that trading in
‘indebtedness’ is prohibited and money should be earned, so the
issuance of conventional bonds would not be compliant as they are
usually traded and represent [usurious] interest based debts. It is
worth noting that equity financing of an 'ethical' business is
Shari’ah compliant and fits well with the risk/return precepts of
Islam.
Moody's is strongly committed to
support the growing importance of Islamic finance by providing
market participants with ratings and supporting credit research.
Moody's is also regularly quoted in the media for our perspectives
on Islamic finance.
Moody’s capabilities in Islamic
finance include:
·
A team of seven analysts dedicated to Islamic
finance
·
25 Islamic bank and Sukuk ratings
·
Issuer- and deal-specific credit research
·
Regular thought-leadership research (see
recent research below)
|