IIRA and Union of Arab Banks in training pact
Manama, June 2, 2009
The Islamic International Rating Agency (IIRA) has entered into agreement with Union of Arab Banks (UAB), to organise joint training programs on Financial Institutions Analysis in different areas and jurisdictions.
Based in Manama, IIRA is a regional rating agency which started its operations in 2005.
IIRA is completely independent and transparent, and follows a consistent methodical and rigorous analytical process consistent with international best practice.
IIRA is recognised by Central Bank of Bahrain as External Credit Assessment Institution and is also in the list of approved rating agencies by Islamic Development Bank, Jeddah.
Since its inception, IIRA has been expanding its client base and organisational capability to carry out rating assignments and currently has clients in many countries including Bahrain, UAE, Kuwait, Turkey, Jordan, Pakistan and Indonesia.
UAB, headquartered in Beirut Lebanon, was formed in 1974. It comprises today more than (300) Arab financial and banking institutions representing the major and biggest Arab banks.-TradeArabia News Service