RAM Rating Services Berhad Wins GIFA Championship Award 2025 for Islamic Financial Ratings

RAM Rating Services Berhad has been recognized globally for its excellence in Islamic finance ratings, winning the GIFA Championship Award 2025 at the prestigious Global Islamic Finance Awards (GIFA). This recognition emphasizes RAM's position as the world's leading Islamic rating agency, known for its analytical rigour, credibility, and thought leadership in Shariah-compliant finance. The company's CEO, Julie Ng, expressed pride in this achievement, citing RAM's extensive coverage of Malaysia's financial institutions, including nearly all Islamic banks and the country's largest Shariah-compliant cooperative banks.

Key Takeaways:

• RAM Rating Services Berhad has won the GIFA Championship Award 2025 for Islamic Financial Ratings, solidifying its position as the world's leading Islamic rating agency.
• RAM has 93% rating coverage of Malaysia's financial institutions, including nearly all Islamic banks and the country's sole takaful reinsurer.
• In 2024, RAM rated 46% of the RM127.6 billion raised in Malaysia's debt capital market, with 77% being sukuk.
• RAM aims to advance Malaysia's global leadership in Islamic finance and support stakeholders in the debt capital market with thought leadership and risk insights.
• Julie Ng, RAM Rating's CEO, highlighted RAM's commitment to excellence and innovation in Islamic ratings.

Statistics:

• 93%: RAM's rating coverage of Malaysia's financial institutions.
• 46%: RAM's rating share of the RM127.6 billion raised in Malaysia's debt capital market in 2024.
• 77%: Sukuk component of the RM127.6 billion raised in Malaysia's debt capital market in 2024.
• RM127.6 billion: Total amount raised in Malaysia's debt capital market in 2024.

Sources:

• RAM Rating Services Berhad. Kevin Ng, Julie Ng - RAM's CEO and incoming CEO (Malay Mail).