Emerging Credit Rating Limited (ECRL) has affirmed AA-B (Pronounced as Double A Minus Bond) long term credit rating to SJIBL Mudaraba Perpetual Bond. The outlook on the rating is Stable. The rating is consistent with ECRL’s methodology for this type of Bond rating. The rating is valid from April 13, 2026 to April 12, 2027. The ratings may be changed or revised prior to expiry, if warranted by extraordinary circumstances in the management, operations and/or performance of the entity rated.