IslamicFinance.de

The Islamic International Rating Agency (IIRA) has assigned international scale credit ratings to Gulf Finance House (GFH) at 'BB' (Double B) in the medium to long-term and at 'B' (Single B) in the short-term. On the national scale, ratings have been assessed at BB+/B (Double B Plus / Single B). The rating outlook for the Bank has been assessed as 'Positive'. IIRA has assessed the rating outlook for the institution as 'Positive' that hinges on developing a steady stream of core revenues and sustaining improvements to capital structure. The fiduciary score has been assessed in the range of '61-65'. Certain weaknesses of the bank's governance framework have been identified that require to be addressed.