FEATURES OF CREDIT RATING ASSESSMENT OF ISLAMIC INSURANCE COMPANIES BY RATING AGENCIES

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Abstract


The Global market of Islamic Insurance shows stable growth and development. In 2015 the volume of Global takaful market reached $23.3 billion. In comparison with 2006 year when takaful sphere reached $5 billion it increased for $20 billion. However takaful sector has a lot of indeterminate regulatory questions because it’s young branch of global finance. The article describes the takaful framework and the dynamics of its development. There is considering credit rating’ assessment principles, rating agencies’ different positions concerning credit rating’ assessments. Also in the article considered methods of improvement credit rating assessments of takaful-companies.


About the authors

M A Chapanova

Peoples’ Friendship University of Russia

Author for correspondence.
Email: m_chapanova@mail.ru
Miklukho-Maklaya str., 6, Moscow, Russia, 117198

Chapanova M.A. PhD student of the Department of International economic relationship at RUDN University.

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