
Published on 17 Sep 2026.

RAM Rating Services Berhad ("RAM Ratings") has been named Best Islamic Rating Agency 2026 at the 16th Global Islamic Finance Awards (GIFA), one of the industry's most respected honours recognising excellence and leadership in Islamic finance. The award was presented at a ceremony held in Sheraton Grand London Park Lane, London, United Kingdom, bringing together leading institutions and practitioners from across the global Islamic finance industry.
"This recognition is especially meaningful as we celebrate RAM's 35th anniversary this year," said Chris Lee, Executive Director of RAM Ratings. "For more than three decades, RAM has supported the growth of Malaysia's financial and capital markets, including the advancement of Islamic finance. Today, we provide rating coverage of the majority of Malaysia's financial institutions, including Islamic banks, takaful operators and Shariah-compliant cooperatives, while maintaining a significant presence in the sukuk market. This award reflects the confidence placed in our ratings, research and insights, and reinforces our commitment to supporting the industry's continued development. We are fortunate to operate within one of the world's most developed and innovative Islamic finance ecosystems. Malaysia's global leadership in the sukuk market has provided a strong foundation for institutions such as RAM to contribute meaningfully to the industry's growth. This recognition reflects not only our efforts, but also the strength of the ecosystem we are privileged to serve."
The annual GIFA Awards recognise institutions and individuals that have made significant contributions to advancing Islamic finance globally. RAM's latest recognition reinforces its position as a leading Islamic rating agency, built on decades of analytical rigour, credibility and thought leadership in Shariah-compliant finance. RAM has received recognition at the GIFA Awards for five consecutive years across various categories. This year's award represents its most comprehensive recognition to date, acknowledging the agency's overall leadership and contribution to the Islamic finance industry.
As a homegrown rating agency with extensive expertise across Islamic finance, RAM continues to support market development through independent credit assessments, rigorous analysis and thought leadership that promote transparency, confidence and resilience across the financial system.
Media Contact
Sakinah Ariffin
(603) 2708 8212
sakinah@ram.com.my