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IIRA reaffirms ratings of Bahrain Islamic Bank

“IIRA has also reassessed BIsB’s fiduciary score at ‘65-70’. The fiduciary score captures the role of the management of the institution as Mudarib, the entity’s governance practices and compliance with Shari’ah principles adopted by the bank. “Recapitalization related plans are on the anvil, though these have not been formalized as…

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