RAM Rating Services Berhad (RAM Ratings) is Malaysia’s leading credit rating agency and a global authority in Islamic finance ratings. Established in 1990 by the Malaysian central bank, RAM has played a pivotal role in the development of Malaysia’s bond and sukuk markets, helping raise over US$270 billion in bonds and sukuk for infrastructure and corporate expansion across Malaysia and 11 other countries.

RAM Ratings is renowned for its expertise in rating Islamic securities (sukuk) and providing in-depth research and publications on Islamic finance, macroeconomic trends, and credit risk. The agency’s independent and rigorous assessments are widely trusted by investors, financial institutions, and regulators in Malaysia and the broader ASEAN region. As of end-2024, Islamic financing accounted for 43% of total banking system loans in Malaysia, with RAM projecting steady 8% growth in Islamic financing for 2025, outpacing conventional banking growth and reflecting strong regulatory support and domestic demand.

RAM’s leadership in Islamic finance has been recognized with multiple awards, including the GIFA Power Award (Islamic Rating) at the Global Islamic Finance Awards for three consecutive years. The agency is also a pioneer in integrating ESG (Environmental, Social, and Governance) considerations into its credit ratings, supporting sustainable and responsible finance.

With a strong track record in rating sukuk, supporting regulatory enhancements, and providing market-shaping insights, RAM Ratings is a cornerstone of Malaysia’s Islamic finance ecosystem and a trusted partner for issuers, investors, and policymakers regionally and globally.

Julie Ng
Deputy CEO at RAM Group
julie@ram.com.my
+603 7628 1179

Ng Mei Peng
Executive Assistant, CEO’s Office at RAM Group
meipeng@ram.com.my
+603 3385 2543

Siew Suet Ming
Chief Rating Officer (CRO) & Deputy CEO
siew@ram.com.my
+603 3385 2585