KARACHI –Islamic International Rating Agency, Bahrain has reaffirmed the AA (Double A) Shari’ah Quality Rating assigned to Burj Bank Limited (Burj), says a press release. The assigned rating denotes conformance to the highest standards of Shari’ah compliance in all aspects of the Bank’s operations.

In a report published to the press, IIRA stated that “to ensure adequacy of checks and controls at Burj Bank the Shari’ah Advisor reports directly to the Board Audit Committee. All products and transactions are pre-examined for conformance with Shari’ah standards. Furthermore, weightages and profit sharing ratios, as part of the profit sharing mechanism are reviewed on a regular basis.