19.06.2009 - Standard Chartered in push for Islamic asset-backed financing
From Bernama: Standard Chartered Bank Malaysia Bhd is pushing for more Islamic asset-backed financing in Malaysia as an alternative for clients to raise funds, especially in difficult markets. Managing director, origination and client coverage, Nirukt Sapru, said the concept was to drive companies in getting the benefit of the asset value that they have on their balance sheet rather than purely looking at cash flow.........Full Article: Source