Published on 15 Sep 2021.
RAM Ratings has received the GIFA Power Award (Islamic Rating) at the Global Islamic Finance Awards (GIFA) 2021 held on 14th September 2021. This marks the first nomination and win for RAM Ratings in this category.
The GIFA Power Award (Islamic Rating) 2021 recognises the very best in Islamic Rating services, as well as the exceptional and innovative work being done by the private sector in sukuk and Islamic finance. This is the second time RAM has won a GIFA award. It previously bagged the Best Islamic Rating Agency award in 2012.
“It is an honour for RAM Ratings to once again be acknowledged for our efforts in promoting sukuk and Islamic finance in Malaysia and the region. The GIFA Power Award (Islamic Rating) this year highlights RAM Ratings’ dedication and contribution to the regional sukuk and Islamic market. We would like to extend thanks and appreciation to our clients and associates for their continuous support throughout the years,” said Chris W.K. Lee, CEO of RAM Ratings.
The GIFA is one of most prestigious Islamic finance awards in the world. Founded in 2011 by Edbiz Corporation as part of its advocacy for the nascent Islamic banking and finance industry. GIFA has awarded top accolades to private institutions in Islamic banking, finance and rating agencies, as well as heads of states or governments for their leadership and advocacy roles in promoting Islamic banking and finance in their respective jurisdictions or globally. Past winners include S&P Global Ratings and Moody’s.
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About RAM Rating Services Berhad (RAM Ratings)
Established in 1990, RAM Ratings is a leading credit rating agency registered under the Securities Commission’s Guidelines on Registration of Credit Rating Agencies, 2011. In addition to the provision of credit ratings for corporate bonds and sukuk and their issuers, RAM Ratings also provides research and publications on Islamic finance, fixed income and macro-economic and industry analysis as well as data analytics relating to credit risk, counterparty assessments and other related domains.
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