VOL. XLII

No 42

18-October-1999

GENERAL

Moodys Analyst Explains Islamic Financial Institutions Ratings

As Islamic Financial Institutions (IFIs) become increasingly involved in international financial markets, as a result of their desire to expand their operations coupled with western banks desire to expand in "emerging markets" where most IFIs are based, ratings allocated to these institutions become more significant. In a paper presented at a recent conference at Harvard University, Mr. Andrew...