This report has been commissioned by the COMCEC Coordination Office to RAM Rating
Services Berhad and the International Shari’ah Research Academy for Islamic Finance. The
researchers of the team are Ruslena Ramli, Dr. Marjan Muhammad, Dr. Salma Sairally and Irfan
Afifah Mohd Zaki; the advisors are Promod Dass, Hissam Kamal Hassan, Monem Salam and
Aamir Rehman. Views and opinions expressed in the report are solely those of the authors and
do not represent the official views of the COMCEC Coordination Office (CCO) or the Member
Countries of the Organization of Islamic Cooperation (OIC). The designations employed and the
presentation of the material in this publication do not imply the expression of any opinion
whatsoever on the part of the COMCEC/CCO concerning the legal status of any country,
territory, city or area, or of its authorities, or concerning the delimitation of its political regime
or frontiers or boundaries. Designations such as “developed,” “industrialized” and “developing”
are intended for statistical convenience and do not necessarily express a judgement about the
state reached by a particular country or area in the development process. The mention of firm
names or commercial products does not imply endorsement by COMCEC and/or CCO. The final
version of the report is available at the COMCEC website. Excerpts from the report can be
made as long as references are provided. All intellectual and industrial property rights for the
report belong to the CCO. This report is for individual use and it shall not be used for
commercial purposes. Except for purposes of individual use, this report shall not be
reproduced in any form or by any means, electronic or mechanical, including printing,
photocopying, CD recording, or by any physical or electronic reproduction system, or
translated and provided to the access of any subscriber through electronic means for
commercial purposes without the permission of the CCO.
For further information, please contact:
The COMCEC Coordination Office
Necatibey Caddesi No: 110/A
06100 Yücetepe
Ankara, TURKEY
Phone :
+90 312 294 57 10
Fax
:
+90 312 294 57 77
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E-book
: http://ebook.comcec.orgISBN : 978-605-2270-27-1