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LIST OF ABBREVIATIONS
AAOIFI Accounting and Auditing Organisation for Islamic Financial Institutions
ACAPS Autorité de Contrôle des Assurances et de la Prévoyance Sociale (Insurance and
Social Security Authority)
AMA ASAAN mobile account
AMC Asset management company
AMMC Autorité Marocaine du Marché des Capitaux (Moroccan Capital Market Authority)
AuM Assets under management
BAM Bank Al-Maghrib
BNM Bank Negara Malaysia
CAGR Compounded annual growth rate
CDC Central Depository Company of Pakistan Limited
CDS Central Depository System
CFC Casablanca Finance City
CFS Continuous funding system
CGSMF Credit guarantee scheme for small and marginalised farmers
CGT Capital gains tax
CIS Collective investment schemes
CISCA Collective Investment Schemes Control Act
CKO Centralised KYC Organisation
CLS Continuous linked settlement
CMDP Capital Market Development Plan
CMP Capital Market Masterplan
COD Certificates of deposit
COM Certificates of musharakah
CPEC China-Pakistan Economic Corridor
CSO Conseil Supérieur des Oulémas (Council of Scholars)
DFIs Development financial institutions
DTA Digital transaction accounts
DNS Directorate of National Savings
ECs Exchange companies
EOBI Employees Old Age Benefits Institution
EPF Employees Provident Fund (Malaysia)
ESG Environmental, Social and Governance
ETFs Exchange Traded Funds
EU European Union
FBR Federal Bureau of Revenue (Pakistan)
FCIS Foreign collective investment scheme
FDI Foreign direct investment
Fintech Financial technology
FIs Financial institutions
FMI Financial market infrastructure
FNB First National Bank
FSB Financial Services Board
FSCA Financial Sector Conduct Authority
FSR Financial sector regulation
GCC Gulf Cooperation Council
GDP Gross domestic product
GEPF Government Employees Pension Fund
GFCI Global Financial Centre Index