Announcements Research

Credit Spotlight: Additional Considerations for Rating Islamic Finance Institutions and Sukuk

GCR’s ratings on Islamic Finance institutions (IFI) and sukuk are not subject to distinct ratings criteria, despite very specific features. Our core framework and sector specific criteria, alongside the below addendum, will therefore be used to frame the ratings on IFI. However, GCR does recognise that emphasis will be placed on such factors as liquidity management, risk concentrations and collateralisation when analysing IFI.