After breakthrough Islamic issuance, Al Rayan Bank eyes more RMBS in UK:
"Al Rayan Bank is planning more securitisations backed by Shariah-compliant loans, after recently selling the UK’s first deal tied to Islamic-style home purchase plans. The bank expects to offer another deal late next year, Treasurer Amir Firdaus said in a phone interview. It may use a different residential-mortgage backed securitisation structure, and sell buy-to-let plans as well as home financing. “If the price is still right, our strategy is to return to the RMBS market,” Firdaus said. “There is a huge pent-up demand for quality RMBS paper.”"
'via Blog this'
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