Emerging Credit Rating Limited (ECRL) has upgraded long term credit rating to AA+ (Pronounced as ‘Double A Plus’) and affirmed ST-2 as short term credit rating to Shahjalal Islami Bank Limited (hereinafter referred to as ‘SJIBL’ or ‘The Bank’) based on audited financials of FY2019-2022 and other available information up to the date of rating declaration. The outlook on the rating is Stable.