Credit Ratings

A)   Group's Rating:
 
S&P Global Ratings has affirmed its 'BB-/B' long- and short-term ratings on Al Baraka Banking Group B.S.C (ABG) on 8 July 2021, while it revised its outlook on ABG to negative from stable.
(8  July 2021)


ABG has also rated by Islamic International Rating Agency (IIRA). IIRA has rated ABG as BBB+ / A3 on the International scale and A+ (bh) / A2 (bh) in the National scale, with a fiduciary score of 81-85.
(10 September 2020)

 
B)    Subsidiaries' rating:
 
Jordan Islamic Bank
Jordan Islamic Bank is rated by Islamic International Rating Agency (IIRA) with International Scale- FCY  as BB+/A3  ,  and on National Scale A+(jo) / A1(jo) with Stable Outlook
(8 December 2020)
IIRA rated JIB on Sharia Quality as AA+ (sq)
(27 December 2020)
JIB also rated by S&P Global Ratings at B+ / B with Stable outlook.
 (08 June 2020)

Al Baraka Bank Egypt
AlBaraka Egypt Bank is rated by Islamic International Rating Agency (IIRA) with International Scale- LCY  B / B  and on International Scale- FCY B- / B with Stable Outlook, and on National Scale (LT/ST)  as  A (eg) / A1 (eg) with Stable Outlook
(23 December 2020)
 
Al Baraka Bank Tunisia
Al Baraka Bank Tunisia is rated by Islamic International Rating Agency (IIRA) with International Scale- LCY  BB / B  and International Scale- FCY BB- / B , Outlook is Stable. On National Scale BBB+(tn) / A2(tn) with Stable Outlook
(9 September 2020)

Al Baraka Islamic Bank
Al Baraka Islamic Bank is rated by Islamic International Rating Agency (IIRA) on International Scale (LT / ST)  BB/A3 , with Outlook (International Scale) Negative and National Scale (LT / ST) BBB+(bh)/A3(bh) , Outlook (National Scale) Negative
(July 26, 2020)
 
Al Baraka Bank Sudan
Al Baraka Bank Sudan is rated by Islamic International Rating Agency (IIRA) with National Scale (Long-term/ Short-term) A-(sd) / A2(sd)* and Outlook Stable
(28 January 2021)
 
Al Baraka Turk Participation Bank
Al Baraka Turk Katilim Bankasi is rated by Islamic International Rating Agency (IIRA) with International Scale -  FCY BB+ / A3 , and International Scale - LCY BBB- / A3 with Negative Outlook
(June 29, 2020)
Al Baraka Turk also rated by S&P Global Ratings at Credit Rating of B / B with Negative outlook. And on Turkey National Scale trBBB+ / -- / trA-2
 (08 June 2020)

Banque Al Baraka D'Algerie
Banque Al Baraka D'Algerie is rated by Islamic International Rating Agency (IIRA) with International Scale- LCY BBB- / A2 , International Scale- FCY BBB- / A3 National Scale A+(dz) / A1(dz) and Outlook Stable
(2 November 2020)
 
Al Baraka Bank (Pakistan) Limited
Al Baraka Bank (Pakistan) Limited is rated by VIS Credit Rating agency with Long Term A+ / short Term A-1 and Sukuk (Rs. 2b) A , with Stable outlook
(27 June 2020)

Al Baraka Bank Lebanon
Al Baraka Bank Lebanon is rated by Islamic International Rating Agency (IIRA) as BBB-/ A3 on national scale with Stable outlook  
(31 December 2018)
 
Al Baraka Bank Syria
Al Baraka Bank Syria is rated by Islamic International Rating Agency (IIRA) with National Scale NR* and Domestic Financial Risk Assessment (DFRA)  on  BBB
 (28 September 2020)