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IIRA upgrades corporate governance rating of Banque Islamique Du Senegal

CPI Financial

The Islamic International Rating Agency (IIRA) has upgraded the corporate governance rating of Banque Islamique Du Senegal to CGR 4 from CGR 3, which denotes “Moderately low level of Corporate Governance processes and practices overall; weaknesses have been identified in a number of governance related areas.” Corporate governance ratings are based on an evaluation of key governance areas of the rated institution, which include regulatory compliance; board oversight; management profile; self-regu