UAE Laws and Islamic Finance

Laws of the UAE and Islamic Finance

SubPrime Mortgages Speech by CEO of IIRA

 

 

The Islamic International Rating Agency (IIRA) is the sole rating agency established to provide capital markets and the banking sector in predominantly Islamic countries with a rating spectrum that encompasses the full array of capital instruments and specialty Islamic financial products, and to enhance the level of analytical expertise in those markets.

IIRA’s augmented rating system recognizes and incorporates the unique features of Islamic finance in a way that broadens the quality perspective, which is a rating agency’s ultimate goal. This will facilitate to develop and deepen the capital markets in countries which IIRA wishes to serve.

IIRA is also soliciting recognition of its ratings by regulators and has received formal recognition from Central Bank of Bahrain as an External Credit Assessment Institution (ECAI). IIRA is also on the list of approved rating agencies of Islamic Development Bank.

 

 

By Jamal Abbas Zaidi, CEO Islamic International Rating Agency

Click to access speech_20090415_Subprime_Mortgages.pdf

Subprime Mortgages

UAE Laws and Islamic Finance

Laws of the UAE and Islamic Finance

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