Chairman of the Global Islamic Finance Awards, Professor Humayon Dar (left), presenting the Best Islamic Rating Agency 2024 Award to Hafiza Abdul Rashid, Chief Rating Officer of MARC Ratings Berhad

Malaysian Rating Corporation Berhad (MARC) today announced that its subsidiary, MARC Ratings Berhad, has been honoured with the prestigious title of "Best Islamic Rating Agency 2024" at the Global Islamic Finance Awards (GIFA) held recently in the Maldives. The 14th annual awards ceremony welcomed over 200 distinguished individuals from the global financial industry, where more than 60 awards were presented to organisations and individuals in recognition of their outstanding contributions to the Islamic finance industry.

Arshad Mohamed Ismail, Group Chief Executive Officer of MARC, stated, "This award is a testament to MARC Ratings’ dedication to upholding the highest standards of transparency, accountability and trust in its operations. As the Islamic finance landscape evolves, MARC Ratings remains steadfast in its mission to offer reliable ratings and insights that contribute to the development of the financial markets. We are deeply honoured by this recognition and will remain committed to furthering the progress of Islamic finance.”

GIFA, widely regarded as one of the most prestigious platforms for Islamic finance accolades, continues to celebrate excellence across the industry, bringing together key figures and leaders from around the globe.