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Fitch On: The Middle East

This edition takes a deep dive into the macroeconomic outlook for the Middle East region, as well as sector-specific looks at Banks, Corporates, Infrastructure and Islamic Finance.


Fitch In Five

Demystifying Sharia and Sukuk Ratings

In this episode of #FitchInFive for Financial Institutions, Bashar Al Natoor, Managing Director, Global Head of Islamic Finance at Fitch together with Saif Shawqi, Associate Director, EMEA Corporate Ratings discuss Sharia and Sukuk ratings.

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Islamic Finance Compendium

At Fitch Ratings we have been providing independent and objective credit ratings to the Islamic Finance market for over a decade. With a strong track record in Islamic Finance, we rate more Islamic banks than any other global credit rating agency.

Islamic Financial Services Board

Fitch Ratings Joined IFSB As Observer Member

The Council of the Islamic Financial Services Board (IFSB) had resolved to approve the admission of five organisations into the IFSB membership. These included two supervisory authorities as Full and Associate Members and three market players as Observer Members.

Our Approach

Rating Criteria

Criteria explain our forward-looking ratings approach. Criteria reports identify rating drivers and assumptions, and highlight the scope and limitations of our analysis.

03In the News


Islamic Finance Demand and Supply Drivers

On a TV interview with Astro AWANI, Bashar Al Natoor, Fitch’s Global Head of Islamic finance, discusses Islamic finance market developments, and the role public awareness, sharia sensitivity, confidence and the product competitiveness has on Islamic finance demand, development, and market shares in any jurisdiction.




EM Banks’ Profitability Mitigates Economic Slowdown Risks

EM Banks’ Profitability Mitigates Economic Slowdown Risks

Fitch Ratings is the Market Leader in Islamic Finance

Fitch in the Middle East

FitchCast Middle East - Regional debt capital market trends and outlook

Awareness and Confidence Key Challenges for Islamic Finance Growth

Fitch Learning

Get Qualified in Islamic Finance

Study the CISI Islamic Finance Qualification to understand the influence of Sharia'a in a business context. Gain a technical and Sharia'a perspective.

07Sector Analysts

Bashar Al Natoor
Islamic Finance
Global Head - Islamic Finance
+971 4 424 1242 |

Redmond Ramsdale
Banks - EMEA
Senior Director
+44 20 3530 1836 |

Paul Gamble
Sovereign Ratings - Emerging Europe
Senior Director
+44 20 3530 1623 |

Jeffrey Liew
Insurance Ratings - APAC
Senior Director
+852 2263 9939 |

Markus Papenroth
Managing Director
+44 20 3530 1707 |

Christiane Kuti
Global Infrastructure
Ratings - Director
+44 20 3530 1396 |

08Business Contacts

Jay Leitner
Head of Middle East & Africa BRM
Managing Director
+971 4 424 1222 |

Sing Chan Ng
Co-Head of APAC, BRM
Managing Director
+65 6796 7210 |

Wael Mourad
BRM Regional - EMEA
Senior Director
+971 4 424 1204 |