English Abbreviation

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)