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GOM Government of Malaysia
GoP Government of Pakistan
HNWIs High-Net-Worth Individuals
ICIS Islamic collective investment scheme
ICM Islamic capital market
ICP Investment Corporation of Pakistan
IDB Islamic Development Bank
IFAAS Islamic Finance Advisory and Assurance Services
IFCI Islamic Finance Country Index
IFD Islamic Finance Department of the SECP
IFSB Islamic Financial Services Board
IMF International Monetary Fund
IPO Initial public offering
KYC Know your customer
LTIA Long-Term Insurance Act
MFIs Microfinance institutions
MIFC Malaysia International Islamic Financial Centre
MRA Mutual-recognition agreement
MUFAP Mutual Funds Association of Pakistan
NAV Net asset value
NBFCs Non-bank finance companies
NBFIs Non-bank financial institutions
NCCPL National Clearing Company of Pakistan Limited
NFIS National financial inclusion strategy
NIT National Investment (Unit) Trust
OPCI Organismes de placement collectif en immobilier (Collective undertaking for real
estate investment)
PA Prudential authority
PDS Private debt securities
PE Private equity
PIB Pakistan Investment Bonds
PMEX Pakistan Mercantile Exchange Limited
PNB Permodalan Nasional Berhad
PRS Private retirement scheme
PSX Pakistan Stock Exchange
PSX-KMI Pakistan Stock Exchange-Karachi Meezan Index
REIT Real estate investment trust
RMC REIT management company
SAC Shariah Advisory Council
SADC Southern African Development Community
SAIA South African Insurance Association
SAMOS South African Multiple Option Settlement
SARB South African Reserve Bank
SBP State Bank of Pakistan
SC Securities Commission (Malaysia)
SDG Sustainable development goal
SECP Securities and Exchange Commission of Pakistan
SGFG Société Marocaine de Gestion des Fonds de Garantie des Dépôts Bancaires (the
Moroccan Bank Deposits Guarantee Funds Management Company)
SIRESS SADC Integrated Regional Electronic Settlement System
SME Small and medium-sized enterprise