The Islamic Development Bank ‘AAA’ credit rating was reaffirmed with a “Stable Outlook” by S&P. The ratings and the stable outlook is driven by the extremely strong financial profile and very strong business profile. This is the 15th consecutive year that IsDB is assigned the ‘AAA’ rating by S&P.

The IsDB remains amongst the most highly-rated Multi-lateral Development Banks (MDBs) and the highest in the Muslim world. The ‘AAA’ rating enhances the Bank’s financial capacity to fulfil its development mandate and play a leading role in the development of the Islamic Finance Industry.

IsDB is a Multilateral Development Bank established in 1973G with the purpose of fostering economic development and social progress of its Member Countries and Muslim Communities in non-member countries in accordance with the principles of Islamic Finance.

Dr. Ahmed Mohamed Ali, President of the IsDB Group, congratulated all member countries, IsDB Board Members and the staff for this excellent achievement. He renewed IsDB’s commitment to exert maximum efforts to realize the objectives of the Bank’s 2020G Vision and aspirations of its Member Countries.