VOL. XLV

No 45

11-November-2002

BAHRAIN

Islamic Rating Agency Established In Bahrain

A group of Islamic banks from six countries has established a specialized rating agency in Bahrain to analyze and evaluate Islamic financial institutions and instruments to help make them internationally acceptable. Banks and finance houses from Saudi Arabia, Bahrain, the UAE, Kuwait, Pakistan and Malaysia have elected a board of directors for the new entity, which will be called the Islamic International Rating...