Masraf Al Rayan http://www.alacrastore.com/company-snapshot/Masraf_Al_Rayan-3854970 25 Nov 2009 04:03:49 EST 3854970 Masraf Al Rayan en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/bir/13230011323001bir/1323001norm9Masraf Al Rayan QSCQatar29 Oct 2009 07:25:00 ESTFinance: Consumer financing facilities and project financing facilities for both individuals and corporate clients, conforming to Islamic (Sharia) principlesDOHA522110K602952229152229861416159MARKFinance: Consumer financing facilities and project financing facilities for both individuals and corporate clients, conforming to Islamic (Sharia) principlesCompany Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/moodys/COP_821748307COP_821748307moodys/COP_821748307html12 Sep 2009 12:21:17 ESThtmlMasraf Al RayanMasraf Al Rayan821748307150.000011 Sep 2009NewsCredit OpinionCGlobal Credit Research Credit Opinion ## SEP #### Credit Opinion: Masraf Al Rayan Masraf Al Rayan Doha, Qatar Ratings Category Moody's Rating Outlook Stable Bank Financial Strength D+ Issuer Rating A# ST Issuer Rating P-# Contacts...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_120010PBC_120010moodys/PBC_120010pdf11 Sep 2009 08:18:39 ESTpdfMasraf Al RayanMasraf Al Rayan821748307300.000010 Sep 2009AnalysisAnalysisC...Moody's assigns a bank financial strength rating (BFSR) of D+ to Masraf Al Rayan (MAR), which translates into a Baseline Credit Assessment (BCA) of Ba#. The rating recognises MAR's growing franchise as one of Qatar's few Islamic banks, close ties with the government of Qatar, strong financial performance, impeccable asset quality, as well as ample capitalisation and satisfactory liquidity. The rating is, however, constrained by a short track record and limited absolute size, high degree of concentration risks, rapid balance sheet growth, as well as a still imbalanced funding continuum that is heavily reliant on short-term customer deposits, generating both maturity mismatches and displaced commercial risks. Moody's believes the D+ BFSR captures the bank's stand-alone risk profile, which balances very strong financial metrics with lower qualitative scores, which themselves factor in the recurring weaknesses of Islamic banks in the Middle East: high concentration risks, unsound liquidity... Credit & Investment ResearchMoody's Global Credit Research