Al-Taif Islamic Bank – Ratings Affirmed with a Stable Outlook

29 January 2026

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Al-Taif Islamic Bank (TIB or the Bank) at ‘B-’ and ‘B’, respectively. The LT FCR Outlook is Stable. At the same time, CI Ratings has affirmed TIB’s Bank Standalone Rating (BSR) of ‘b-’ with a Stable Outlook, Core Financial Strength (CFS) rating of ‘b’, and Extraordinary Support Level (ESL) of Uncertain.

CI has also affirmed TIB’s Long- and Short-Term Ratings on the Iraq National Scale of ‘iqBBB-’ and ‘iqA3’, respectively, with a Stable Outlook. These are supported and constrained by the same factors as the CFS, as outlined below.

The Bank’s BSR is derived from a CFS rating of ‘b’ and Iraq’s Operating Environment Risk Anchor (OPERA) of ‘c+’. The CFS reflects TIB’s sound regulatory capital ratios and leverage (including a high CET1…