First Islamic ABS to launch

Panelists on the Developments in the Middle Eastern ABS market seminar at the Global ABS Conference in Barcelona this week provided some welcome news for Islamic structured finance. “We will soon launch the first rated asset-backed securities transaction from the region,” says Sandeep Chaudhry in the structured capital markets of HSBC Bank Middle East.

The HSBC-led deal will be a conventional transaction rather than an Islamic or shariah-compliant one, adds Chaudhry. The deal is expected to rece

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