Emerging Credit Rating Limited (ECRL) has affirmed A (Pronounced as Single A) long term credit rating to Islamic Finance and Investment Limited’s Mudaraba Non-Convertible Fully Redeemable Subordinated Bond issuance up to BDT 3,000.00 million in face value. The outlook on the rating is Stable. The rating is consistent with ECRL’s methodology for this type of financial institutions and bond rating. ECRL considered financial performance, capital base, asset quality, management experience and prospect of the industry while assigning the standalone ratings and the possibility of likely default of the bond while assigning the bond rating