The Islamic Development Bank’s “AAA” credit rating was affirmed with a “Stable Outlook” by Fitch Ratings on May 19, 2023. The trust certificates issued by IDB Trust Services Ltd and IsDB Trust Services No. 2 SARL have also been affirmed at ‘AAA’
The ratings and the stable outlook reflect the intrinsic strengths of IsDB; in particular, its excellent capitalization, excellent liquidity buffers, large capital increase, and low solvency risks compared with other regional multilateral development banks (MDBs).
The IsDB remains amongst the most highly-rated MDBs and the highest in the Muslim World. The ‘AAA’ rating enhances the Bank’s capacity to mobilize external resources to fulfil its development mandate and play a leading role in development of the Islamic Finance Industry.
IsDB is a Multilateral Development Bank established in 1973G with the purpose of fostering economic development and social progress of its Member Countries and Muslim Communities in non-member countries in accordance with the principles of Islamic Finance.
Dr. Muhammad Al Jasser, President of the IsDB Group, congratulated all member countries, IsDB Board Members and Staff for this important achievement. He renewed IsDB’s commitment to exert maximum efforts to realize the objectives of the Bank’s Vision and the President’s realigned strategy to continue playing an important role in meeting the development needs of Member Countries as well as for their resilient and green recovery from current emerging challenges.