September 15, 2022, Fitch Ratings, Dubai. The Asset, a preeminent Asian-Pacific financial newspaper, has recognized Fitch Ratings as the Best Rating Agency for Islamic Finance for the sixth consecutive year. The Global Islamic Finance Awards (GIFA) presented the agency with its third consecutive prize in 2022: the Excellence Award for Islamic Financial Ratings.
According to Fitch Ratings’ Global Head of Islamic Finance Bashar Al Natoor, “We are happy with this recognition from The Asset and GIFA.” Please accept my sincere appreciation for the hard work and dedication of the Islamic Finance Group at Fitch”. The rest of our team, as well as our stakeholders, rely on us for objective credit ratings and market intelligence.
The Board of Editors and Benchmark Research Team at The Asset adjudicated pitches and presentations from contestants. They also solicited feedback from investors, issuers, and arrangers as part of the evaluation process. A variety of factors are considered to choose the awards. It includes originality, scale, quality, international presence, accountability, Sharia conformity, and dedication to Islamic banking and finance.
For more than a decade, the Islamic Finance Market has relied on Fitch Ratings for impartial credit ratings. Agency rates more than 80% of the global market for hard currency ESG-linked Sukuk. Its ratings are higher for Islamic banks than any other global credit rating agency. Islamic financing issuers currently rated over 150 rated Sukuk, and over 35. Fitch’s credit ratings, criteria, research, and market commentary offer insightful analysis and perspectives on the market.