Alizz Islamic Bank – National Ratings Affirmed with a Stable Outlook

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Alizz Islamic Bank – National Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long- and Short-Term ratings on the Oman National Scale of Alizz Islamic Bank (AIB) at ‘omA A A’ and ‘omA1 +’ , respectively . The Outlook for the r atings is Stable .

The ratings are underpinned by the Bank’s sound financial metrics in terms of financing asset quality, liquidity and improving profitability. The capital ratios are expected to strengthen noticeably with the planned issue of perpetual bonds. The ratings also reflect AIB’s solid Islamic franchise and status as a wholly owned subsidiary of Oman Arab Bank (OAB). At end – 2023, AIB remains one of the only two fully fledged Islamic banks in the country with a significant share of the Islamic banking market, and…