Securitization the solution for mid-size corps, says BLME

Large blue-chip companies in the Gulf find themselves overbanked, but mid-size corporates running up against limits to their banking lines are in need of other sources of funding. Massoud Janekeh, head of Islamic capital markets at Bank of London and The Middle East (BLME), spoke to IFIS about the outlook for shariah-compliant securitization that could allow mid-sized conventional and Islamic borrowers to issue ABS and commercial paper.