Credit Ratings

A)   Group's Rating:
 
S&P Global Ratings has updated the long-term rating on Al Baraka Banking Group B.S.C. to 'BB-' with a 'Stable' Outlook, while affirming the 'B' short-term rating of the bank.
 (08 June 2020)

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)