RAM Ratings wins GIFA Power Award 2022 for Islamic Ratings

Published on 15 Sep 2022.

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RAM Rating Services Berhad (RAM Ratings) is pleased to announce it has received the GIFA Power Award (Islamic Rating) at the Global Islamic Finance Awards (GIFA) 2022. This is the second consecutive win for RAM Ratings, as it took home the award in the same category last year.

The 12th GIFA Awards Ceremony was held on 14th September 2022 at Djibouti Palace Kempinski in the Republic of Djibouti. GIFA celebrates excellence in the field of Islamic Rating services, and commemorates the outstanding achievements of the movers and shakers in the Islamic finance industry. 

“We thank GIFA once again for this recognition of our consistent work in promoting sukuk and Islamic finance in Malaysia and the region. We would like to extend our appreciation to the dedicated team at RAM, as well as gratitude to our clients and stakeholders for their support over the years. We look forward to building on our track record of providing innovative solutions as we serve our clients’ diverse needs,” said Awang Za'aba Awang Mahmud, CEO of RAM Ratings.

The GIFA, one of most prestigious Islamic finance awards in the world, was founded in 2011 by London-headquartered think tank Edbiz International Advisors as part of its advocacy for the Islamic banking and finance sector. The 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. 


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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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