| From Brecorder.com: Pakistan is the lead player in Islamic securitization! The local regulators have traditionally encouraged exploring and introducing complex asset-backed financing structures at large. Although the entire banking and non-banking financial sectors are now facing difficulties due to global financial turmoil, a sharp upturn can be seen on the heel of Islamic securitization through participation by private and corporate sectors.
Typically in conventional market, security is a document representing receivable amounts owed by the issuer in favour of the holder. Normally, the amounts secured by a security are interests bearing loans. There are different classes of securities such as bonds, issued by a company, bonds issued by a government, debentures, certificates, notes and treasury bills..............................................Full Press Article: Source
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