DUBAI – Moody’s Investors Service has formed a dedicated global Islamic Finance Group (IFG) to meet the growing demand for Islamic finance credit ratings and research, as both Islamic capital markets and Islamic banking continue to register double-digit growth rates. Moody’s IFG will deliver independent analysis of Shariah-compliant products, financial institutions and takaful insurers to support an improved understanding of the credit risks and market trends in this rapidly expanding sector.
The IFG will be chaired by Dubai-based Khalid Howladar, recently-appointed Global Head of Islamic Finance, and draws expertise from Moody’s sovereign, banking, corporate, insurance and structured finance analytical teams worldwide.
The launch of Moody’s dedicated IFG recognizes the growing importance of Islamic finance.