Emerging Credit Rating Limited (ECRL) has downgraded the long-term credit rating to BBB (pronounced as ‘Triple B’) and the short-term credit rating to ST-4 to Islamic Finance and Investment PLC. The outlook on the rating is Developing. The ratings are based on the audited financial statements up to December 31, 2024, unaudited quarterly financial statements up to June 30, 2025, and other available qualitative and quantitative information up to the rating date. ECRL applied its established rating methodology for financial institutions, taking into consideration IFIPLC’s financial performance, capital base, asset quality, liquidity management, earnings trend, management experience, and industry outlook.