SOURCE: Moody's CorporationDESCRIPTION:
NEW YORK, August 7, 2020 /3BL Media/ - Moody’s Corporation (NYSE:MCO) today announced its partnership with the Women in Islamic & Ethical Finance Forum (WIEFF) to further support its longstanding commitment to a diverse and inclusive workplace, and the development of Islamic finance.
Founded in 2007, the London-based WIEFF is an independent, international forum that aims to create a networking platform for industry professionals to meet, collaborate and support the interests of the ethical and Islamic finance industry. As a partner of WIEFF, Moody’s will lead a mentoring program to support and expand the interests of women in the ethical and Islamic finance industry. Through educational seminars and events, Moody’s will also help to promote best practices globally.
“Moody’s is committed to a diverse and inclusive culture that maximizes the contribution of all our employees,” said DK Bartley, Global Head of Diversity & Inclusion, Moody’s. “We are delighted to join the Women in Islamic & Ethical Finance Forum to support our organisations’ respective goals and the development of the Islamic finance industry.”
Building on two decades of experience in the region, Moody’s opened an office in Riyadh, Saudi Arabia in 2018. Last year, Moody’s hosted its inaugural Saudi Arabia Conference with more than 150 local investors, issuers and intermediaries. In the same year, the company was awarded a Global Islamic Finance Award (GIFA) as market leaders for Islamic Finance Intelligence & Ratings for the fourth consecutive year.
Moody's continues to expand its ratings coverage of the Islamic finance industry. As of June 25, 2020, Moody’s rates 114 sukuk issuances, 20 Islamic banks, 3 multilateral development banks and 9 Takaful.
“The Islamic finance sector remains underrepresented in the global financial system,” said Henry MacNevin, Associate Managing Director, Financial Institutions, Moody’s. “Despite this, the sector has displayed strong growth over the past decade, and we expect this trend to continue. Moody’s is proud to join the Women in Islamic & Ethical Finance Forum to help make the global financial system more inclusive.”
ABOUT MOODY’S CORPORATION
Moody’s (NYSE:MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Our data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 11,300 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.
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KEYWORDS: NYSE:MCO, Moody's Corporation, Women in Islamic & Ethical Finance Forum (WIEFF)