2SMF |
2-Step Murabaha Financing |
AAOIFI |
Accounting and Auditing Organization for Islamic Financial
Institutions, Bahrain |
ABC |
Arab Banking Corporation |
ABS |
Asset-Backed Securities |
ACCA |
Association of Chartered Certified Accountants |
ADB |
Asian Development Bank |
ADFIMI |
Association of National Development Finance Institutions |
ADIB |
Abu Dhabi Islamic Bank |
AfDB |
African Development Bank |
AFFI |
Arab Financing Facility for Infrastructure |
AFI |
Alliance for Financial Inclusion |
AfT |
Aid for Trade |
AGRA |
Alliance for a Green Revolution in Africa |
AIB |
Ajman Islamic Bank (UAE) |
AIBIM |
Association of Islamic Banking Institutions Malaysia |
AITAB |
Al-Ijarah Thumma Al-Bai` |
APIF |
Awqaf Properties Investment Fund |
ARCIFI |
Arbitration and Reconciliation Centre for Islamic Financial
Institution |
ARR |
Anticipated Rate of Return |
AsDB |
Asian Development Bank |
ASEAN |
Association of the South East Asian Nations |
ATM |
Automatic Teller Machine |
AVCJ |
Asian Venture Capital Journal |
AWI |
Arab World Initiative |
AWIC |
Annual World Islamic Conference |
B.E.D |
Board of Executive Directors |
B.O.G |
Board of Governors |
BADEA |
Arab Bank for Economic Development in Africa |
BAZNAS |
Badan Amil Zakat Nasional (National Board of Zakat) |
BBA |
Bai` Bithaman Ajil |
BI |
Bank Indonesia (central bank) |
BI |
Bank Islam (Malaysia) |
BI |
Bank Islami (Pakistan) |
BI RTGS |
Bank Indonesia Real Time Gross Settlement |
BI SSSS |
Bank Indonesia Scripless Securities Settlement System |
BIB |
Bahrain Islamic Bank |
BIBF |
Bahrain Institute of Banking and Finance |
BIIH |
British Islamic Insurance Holdings |
BIMP-EAGA |
Brunei, Indonesia, Malaysia, Philippines – East ASEAN Growth
Area |
BIS |
Bank for International Settlement |
BMA |
Bahrain Monetary Authority |
BMI |
Bank Muamalat Indonesia |
BOOT |
Build Own Operate and Transfer |
BOT |
Build Operate and Transfer |
BPO |
Business Process Outsourcing |
BSE |
Bahrain Stock Exchange |
BSM |
Bank Syariah Mandiri (Indonesia) |
BTF |
Balance Transfer Facility |
CAGR |
Cumulative Annual Growth Rate |
CAMELS |
Capital adequacy, Asset quality, Management capability,
Earnings, Liquidity, |
CAR |
Capital Adequancy Ratio |
CB |
Central Bank |
CBDT |
Central Board of Direct Taxes |
CCB |
Conventional Commercial Bank |
CCPPO |
Cumulative Convertible Participating Preferred Ordinary |
CDC |
Central Depository Company |
CDD |
Community Driven Development |
CDO |
Collateralized Debt Obligation |
CDO |
Cease and Desist Order |
CFM |
Council of Foreign Ministers |
CFO |
Chief Finance Officer |
CIBAFI |
Council for Islamic Banks and Financial Institutions |
CIEBS |
Consulting for Islamic Economics & Business Strategies
(Indonesia) |
CIF |
Cost, Insurance and Freight |
CIFA |
Certified Islamic Finance Analyst |
CII |
Council of Islamic Ideology (Pakistan) |
CIT |
Countries in Transition |
CLO |
Collateralized Loan Obligation |
CMA |
Cash Management Accounts |
CMC |
Central Bank Musharakah Certificates (Sudan) |
CMH |
Commodity Murabahah House |
CNC |
Communities in Non-Member Countries |
COD |
Certificates of Deposit |
COI |
Certificates of investment |
COMCEC |
Committee for Economic and Commercial Cooperation |
COMPAS |
Common Performance Assessment System |
COMSTECH |
Committee for Scientific and Technological Cooperation |
COT |
Carried over Transactions |
CPI FIFA |
CPI Financial Islamic Finance Awards |
CPSS |
Committee on Payment and Settlement System |
CSR |
Corporate Social Responsibility |
CVC |
Corporate Venture Capital |
DCF |
Discounted Cash Flow |
DFI |
Development Finance Institution |
DFSA |
Dubai Financial Services Authority |
DIB |
Dubai Islamic Bank |
DIFC |
Dubai International Financial Center |
DJIM |
Dow Jones Islamic Market Index |
DM |
Diminishing Musharakah |
DMI |
Dar Al-Maal Al-Islami |
DO |
Delivery Order |
DPB |
Daily Product Basis (deposit management) |
DVP |
Delivery versus Payment in securities settlement system |
DWG |
Development Working Group |
e4e |
Education for Employment |
EBIT |
Earnings Before Interest and Taxes |
EBITDA |
Earnings Before Interest, Taxes and/or before Depreciation and
Amortization |
EBRD |
European Bank for Reconstruction and Development |
ECAI |
External Credit Assessment Institution |
ECO |
Economic Cooperation Organization |
ECOWAN |
ECOWAS Wide Area Network |
ECOWAS |
Economic Community for West African States |
ECT |
Error Correction Term |
EDL |
External Debt Liability |
EDR |
European Depository Receipts |
EEC |
European Economic Community |
EFS |
Export Financing Scheme |
EFSF |
European Financial Stability Facility |
EIB |
Emirates Islamic Bank (UAE) |
EIU |
Economists Intelligence Unit |
ELS |
Economic Lecture Series |
EM-Sec |
Security of Electronic Money |
ESM |
European Stability Mechanism |
ESOP |
Employee Stock Options Programme |
EVCA |
European Venture Capital Association |
FCIC |
Federation of Consultants from Islamic Countries |
FDI |
Foreign Direct Investment |
FDR |
Fixed Deposit Receipts |
FDR |
Financing to Deposit Ratio |
FEVD |
Forecasting Error Variance Decomposition |
FFS |
Future Flow Securitization |
FIBE |
Faisal Islamic Bank of Egypt |
FIFO |
First In - First Out |
FIS |
Front Islamique du Salut (Islamic Salvation Front – Algeria) |
FOB |
Free on Board |
FOCIC |
Federation of Contractors from Islamic Countries |
FRS |
Fixed Return Securities |
FSA |
Financial Services Authority |
FSC |
Federal Shariat Court (Pakistan) |
GATI |
General Agreement on Tariffs and Trade |
Gbpwh/Gbpwth |
God be pleased with him and God be pleased with them |
GCC |
Gulf Cooperation Council |
GCG |
Good Corporate Governance |
GCIBAFI |
General Council for Islamic Banks and Financial Institutions |
GDP |
Gross Domestic Product |
GDP |
Gross Domestic Produk |
GDR |
Global Depository Receipts |
GEM |
Growth Equity Market |
GMC |
Government Musharakah certificates (Sudan) |
GNI |
Gross National Income |
GNP |
Gross National Product |
GoI |
Government of Indonesia |
GTRC |
Group Trade Related Issues Committee |
HIFIP |
Harvard Islamic Finance Information Program |
HIPC |
Heavily Indebted Poor Country |
IAIB |
International Association of Islamic Banks |
IAS |
Islamic World Academy of Sciences |
IAS |
International Accountancy Standards |
IAS |
International Accounting Standar |
IB |
Islamic Bank |
IBB |
Islami Bank Bangladesh |
IBFIM |
Islamic Banking and Finance Institute Malaysia |
IBP |
Islamic Banks Portfolio |
IBRA |
Indonesian Bank Restructuring Agency |
IBRD |
International Bank for Reconstruction and Development |
IBU |
Islamic Business Unit |
ICB |
Islamic Commercial Bank |
ICCI |
Islamic Chamber of Commerce and Industry |
ICD |
Islamic Corporation for the Development of the Private Sector
(SA) |
ICDT |
Islamic Centre for Development of Trade |
ICIEC |
Islamic Corporation for the
Insurance of Investment and Export Credit (SA) |
ICM |
Islamic Capital Markets |
ICMI |
Ikatan Cendikiawan Muslim Indonesia |
ICRIE |
International Center for Research in Islamic Economics |
ID |
Islamic Dinar (equivalent to one Special Drawing Right of IMF) |
IDA |
International Development Association (World Bank) |
IDB |
Islamic Development Bank
(SA) |
IDB-56 |
The 56 Member Countries (IDB) |
IDB-OCR |
Ordinary Capital Resources (IDB) |
IDB-STATCAP |
IDB Statistical Capacity Building Initiative |
IDR |
Islamic Depository Receipts |
IDR |
Indonesia Rupiah |
IDS |
Islamic Debt Securities |
IERB |
Islamic Economics Research Bureau |
IERC |
Islamic Economics Research Centre (SA) |
IERS |
Islamic Export Refinance Scheme |
IES |
Islamic Economic Studies |
IFAD |
International Fund for Agricultural Development |
IFC |
International Finance Corporation |
IFI |
Islamic Financial institution |
IFI |
Islamic Financial Institution |
IFIBAF |
Institute for Islamic Banking and Finance |
IFIL |
Islamic Finance and Investment Limited |
IFIS |
Islamic Finance Information Service |
IFQ |
Islamic Finance Qualification |
IFRS |
International Financial Reporting Standars |
IFSB |
Islamic Financial Services Board (Malaysia) |
IFSI |
Islamic Financial Services Industry |
IHE |
Islamic Higher Education |
IIBI |
Institute of Islamic Banking and
Insurance (UK) |
IIBID |
International Islamic Bank for Investment and Development |
IICAS |
International Islamic College for Advanced Studies |
IICC |
Irish Islamic Chamber of Commerce |
IICG |
Islamic Investment Company of the Gulf |
IICO |
International Islamic Charitable Organization |
IICRA |
International Islamic Center for Reconciliation and
Arbitration |
IICWC |
International Islamic Committee for Woman and Child |
IIDL |
International Islamic Digital Library |
IIDT |
International Islamic Development Trust |
IIF |
Islamic Infrastructure Fund |
IIFD |
International Islamic Forum for Dialogue |
IIFF |
International Islamic Finance Forum |
IIFM |
International Islamic Financial Market (Bahrain) |
IIFSO |
International Islamic Federation of Student Organizations |
IIIE |
International Institute of Islamic Economics (Islamabad) |
IIIT |
International Institute of Islamic Thought |
IILM |
International Islamic Liquidity Management Corporation
(Malaysia) |
IIMM |
Islamic Interbank Money Market (Malaysia) |
IINA |
International Islamic News Agency |
IIPC |
International Islamic Propagation Center |
IIPH |
International Islamic Publishing House |
IIRA |
Islamic International Rating Agency (Bahrain) |
IIRO |
International Islamic Relief Organization |
IIU |
International Islamic University |
IIU |
International Islamic University (Terengganu, Malaysia) |
IIUC |
International Islamic University Chittagong |
IIUI |
International Islamic University Islamabad |
IIUM |
International Islamic University Malaysia |
IJIFS |
International Journal of Islamic Financial Services |
IKIM |
Malaysian Institute of Islamic Understanding |
IMF |
International Monetary Fund |
IMFI |
Islamic Micro-Finance Institution |
IMI |
Islamic Microfinance Institution |
IMMC |
Islamic Money Management Company |
INCEIF |
International Centre for Education in Islamic Finance
(Malaysia) |
INID |
Islamic Negotiable Instrument of Deposit |
INTOSAI |
International Organization of Supreme Audit Institutions |
IOSCO |
International Organization of Securities Commissions |
IP |
Intellectual Property |
IPO |
Initial Public Offering |
IRB |
Islamic Rural Bank |
IRF |
Impulse Response Function |
IRI |
Islamic Research Institute (Pakistan) |
IRR |
Internal Rate of Return |
IRS |
Internal Rating System |
IRTI |
Islamic Research and Training Institute (SA) |
ISESCO |
Islamic Educational, Scientific and Cultural Organization |
ISFD |
Islamic Solidarity Fund for Development |
ISNA |
Islamic Society of North America |
ISRA |
International Shari'ah Research Academy (Malaysia) |
ITAP |
Investment Promotion Technical Assistance Program |
ITC |
Islamic Trade Centre |
ITFC |
International Islamic Trade Finance Corporation (SA) |
ITFO |
Import Trade Financing Operations (IDB) |
ITS |
International Takaful Summit |
IUT |
Islamic Unit Trusts |
JIB |
Jordan Islamic Bank |
JIBOR |
Jakarta Interbank Offerred Rate |
JIT |
just-in-time |
L/C |
Letter of Credit |
L/C |
Letter of Credit |
L/G |
Letter of Guarantee |
LAS |
League of Arab States |
LDC |
Least Developed Country |
LDMC |
Least Developed Member Country |
LDR |
Loan to Deposit Ratio |
LGS |
Loan Guarantee Scheme |
LIBOR |
London Interbank Offered Rate |
LIFDC |
Low-Income Food-Deficit Country |
LLR |
Lender of Last Resort |
LMC |
Liquidity Management Centre (Bahrain) |
LOF |
Lines of Financing |
LP |
Limited Partnership |
LTCM |
Long-Term Capital Management |
LTTFS |
Longer-Term Trade Financing Scheme |
MAS |
Monetary Authority of Singapore |
MCB |
The Muslim Council of Britain |
MCPS |
Member Country Partnership Strategy |
MDB |
Multilateral Development Bank |
MDG |
Millennium Development Goal |
MDP |
Microfinance Development Program |
MENA |
Middle East and North Africa |
MESA |
Middle Eastern Studies Association |
MFI |
Micro Finance Institutions |
MFI |
Multilateral Financing Institution |
MICR |
Magnetic Ink Character Recognition |
MIFC |
Malaysia International Islamic Financial Centre (Malaysia) |
MII |
Mudarabah Interbank Investment |
MoI |
Multiple of Investment |
MoU |
Memorandum of Understanding |
MPO |
Murabaha to Purchase Orderer |
MR |
Market Risk |
MS |
Mudarabah Sukuk |
MTN |
Medium Term Note |
MYNA |
Muslim Youth of North America |
NBFC |
Non-Banking Finance Company |
NBFI |
Non-Bank Financial Institution |
NDFI |
National Development Finance Institution |
NEA |
New Enterprise Associates |
NEP |
New Economic Policy (Malaysia) |
NGO |
Non-Governmental Organisation |
NIB |
Non-Interest Based System |
NIB |
Noor Islamic Bank (UAE) |
NIBAF |
National Institute of Banking and Finance |
NIDC |
Negotiable Islamic Debt Certificate |
NIEO |
New International Economic Order |
NIF |
National Islamic Front |
NIM |
Net Interest Margin |
NOM |
Net Operating Margin |
NPF |
Non Performing Financing |
NPL |
Non-Performing Loan |
NPV |
Net Present Value |
NSS |
National Savings Schemes |
OBU |
Offshore Banking Units |
OCR |
Ordinary Capital Resources (IDB) |
OD |
Overdraft |
OIC |
Organisation of the Islamic Cooperation (SA) |
OIC |
Organization of Islamic Countries |
OMOs |
Open Market Operations |
OPEC |
Organization of Petroleum Exporting Countries |
P&L |
Profit and Loss |
PAD |
Payment Against Documents |
PBUH |
Peace Be Upon Him |
PBV |
Price to Book Value |
PER |
Profit Equalisation Reserve |
PER |
Price Earning Ratio |
PERL |
Principal Exchange Rate Linked Security |
PIU |
Project Implementation Unit |
PLS |
Profit and Loss Sharing |
PPP |
Public Private Partnership |
PRSP |
Poverty Reduction Strategy Paper |
PSA |
Participants Special Account |
PTC |
Participation Term Certificates (Musharakah-based investment
certificates) |
QFC |
Qatar Financial Centre |
QIB |
Qatar Islamic Bank |
QIIB |
Qatar International Islamic Bank |
QIIC |
Qatar Islamic Insurance Company |
RAV |
Repackaged Asset Vehicle |
Repo |
RePurchase Offer |
RGM |
Rapid Growth Market |
RL |
Reverse Linkage |
ROA |
Return on Assets |
ROE |
Return on Equity |
ROSCA |
Rotating Savings and Credit Association |
RTGS |
Real-Time Gross Settlement |
SAB |
Shariat Appellate Bench (of the Supreme Court of Pakistan) |
SAC |
Shariah Advisory Council (Malaysia) |
SAIBOR |
Saudi Arabian Interbank Offered Rate |
SAMA |
Saudi Arabian Monetary Agency |
SDR |
Special Drawing Right |
SESRIC |
Statistical, Economic and Social Research and Training Centre
for Islamic Countries |
SFAS |
Statement of Financial Accounting Standard |
SIB |
Sharjah Islamic Bank (UAE) |
SIBOR |
Singapore Interbank Offerred Rate |
SLR |
Statutory Liquidity Reserves |
SLT |
Securities Lending Transaction |
SME |
Small and Medium Enterprise |
SMS |
Swiss Muslim Society |
SOE |
State-Owned Enterprise |
SPM |
Special Purpose Mudarabah |
SPV |
Special Purpose Vehicle |
SQ |
Spiritual Quotient |
SSB |
Shariah Supervisory Board |
SSC |
Shar¯ı´ah Supervisory Committee |
SSI |
Small Scale Industry |
SSS |
Recommendation for Securities Settlement System |
STM |
Short Term Mismatch |
SVC |
Social Venture Capital |
SWT |
Subhanahu wa Ta‘ala (the term that Muslims use with the name
of Allah Almighty) |
TDR |
Term Deposit Receipts |
TDT |
Trickle-Down Theory (in economic development and growth) |
TFC |
Term Finance Certificates |
TMCL |
Time Multiple Counter Loan |
TPS |
Trade Preferential System |
TR |
Trust Receipt |
TRN |
Transaction Reference Number |
TTMM |
Two-Tier Mudarabah Model |
UAE |
United Arab Emirates |
UCP |
Uniform Customs and Practice |
UDC |
Under Developed Country |
UIF |
Unit Investment Fund (IDB) |
UKIFS |
UK Islamic Finance Secretariat |
USM |
Unlisted Securities Market |
UWL |
Underwriting loss (in Takaful/insurance) |
UWS |
Underwriting surplus (in Takaful/insurance) |
VAR |
Value-at-Risk |
VAR |
Vector Autoregression |
VC |
Venture Capital |
VECM |
Vector Error Correction Model |
VOLIP |
Vocational Literacy Program for Poverty Reduction |
VRS |
Variable Return Securities |
WAMY |
World Assembly of Muslim Youth |
WCMP |
World Congress of Muslim Philanthropists |
WDIBF |
World Database for Islamic Banking and Finance |
WIBA |
World Islamic Banking Awards |
WIBC |
World Islamic Banking Conference |
WIEF |
World Islamic Economic Forum |
WWF |
World Waqf Foundation (SA) |