The Islamic Development Bank (IDB) is currently the most highly rated institution in the Muslim world and among regional and international multilateral development banks.
This is substantiated by the fact that the three leading international rating agencies, Standard & Poor's, Moody's and Fitch Ratings, have all reaffirmed their credit rating of the bank for 2012 with a stable outlook.
Standard & Poor's long-term rating is AAA, and short term A-1+ with stable outlook. Fitch's rating is AAA and F-1+ respectively with stable outlook, and Moody's long-term rating is Aaa and short term P-1 with stable outlook.
The ratings are underpinned by the bank's strong financial profile, the relevance of its policies, continued shareholder support for successive capital increases and prudential financial and risk management policies.
The IDB is a multilateral development bank that was established with the purpose of fostering the economic development and social progress of its member countries and Muslim communities in non-member countries in accordance with the principles of Islamic banking.
The IDB will celebrate the 40th anniversary of the start of its operations on the occasion of the next annual meeting of its board of governors, to be held in Jeddah, on June 25-26 and will continue its reform exercise in order to achieve the objectives of its 2020 Vision.
source: Arab News