CIBAFI to host Credit Ratings Seminar in April

Manama, Mar. 31 (BNA): The General Council for Islamic Banks and Financial Institutions (CIBAFI) said it is organising a Seminar on Credit Ratings themed: "Focus on Islamic Banks and Sukuk Ratings Methodology" on April 29–30. CIBAFI continues its cooperation with S&P to organise the second seminar on credit ratings which will be held under the patronage of the Central Bank of Bahrain (CBB). The event will highlight innovations in Islamic finance, including green sukuk, which has attracted cumulative interest from investors in Islamic and traditional finance sectors. Green Sukuk is a new market for Islamic finance, catering to the needs of investors in the responsible and sustainable finance sector, which has been one of the major trends of recent global investments. This seminar will provide a great opportunity to understand the vital role in assessing the creditworthiness of sovereigns, Islamic (and conventional) banks, and Islamic financial market instruments; a fundamental understanding of the components that result in a high or low credit rating The seminar begins with a panel session for an insightful discussion on Sovereign ratings Outlook: Emerging Markets Headwinds and Implications for Islamic Financial Institutions with senior directors from S&P Global Ratings, and other guest speakers. Participants will be able to identify the methodology and outcomes of credit ratings during the seminar as well as gain more fruitful insights about other subjects of credit ratings. This seminar is an initiative that is aligned with the third CIBAFI’s objective of Training and Professional Empowerment which endeavor to enhance capacity building in the Islamic financial services industry (IFSI).