A comparative study between Salam Securities and Asset-Backed Securities in the process of securitization

Salam Oil Securities are very similar to Asset-backed Securities and the process of issuing Salam oil securities is similar to securitization in its special meaning. Nevertheless, this matter that Salam Oil Securities are a kind of Asset-backed Securities and the process of their issuing is a kind of securitization, is a question that have to be studied to reach a correct answer. In this study we are trying to compare Salam oil Securities with Asset backed Securities in some aspects such as their history, their process of issuing, their Risk management and their benefits Using "Mokhtar" research method.
In this paper we have studied the question. The results show that Salam Oil Securities are exactly a kind of Asset Backed Securities and the process of issuing Salam Oil Securities is a kind of Securitization. All benefits of Securitization is imaginable for issuing Salam Oil Securities. we can call Salam Oil Securities as "Islamic Asset Backed Securities" and the process of issuing as "Islamic Securitization".