Wednesday 30, November 2016 by Matthew Amlôt

IIRA reaffirms ratings of The Islamic Insurance Company, Jordan

Islamic International Rating Agency (IIRA) has reaffirmed the Takaful Financial Strength (TFS) rating of The Islamic Insurance Company PLC (‘TIIC’ or ‘the company’), Jordan, at ‘A’ (Single A). Outlook on the assigned rating is ‘Stable’. The fiduciary score has been reassessed in the range of ‘71-75’, reflecting adequate fiduciary standards. The fiduciary score is an aggregation of scores assigned to its two sub-sections i.e. Asset Manager Quality and Shari’a Governance.

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