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List of Abbreviations
AAOIFI Accounting and Auditing Organization for Islamic Financial Institutions
ACP Authority of Consumer Protection (Oman)
ADCCAC Abu Dhabi Commercial Conciliation and Arbitration Centre
ALFI Association of the Luxembourg Fund Industry
AUM Assets under management
BaFin German federal financial services regulator
BCBS Basel Committee on Banking Supervision
BCEAO Central Bank of West African States
BI Bank Indonesia (Central Bank of Indonesia)
BIS Bank of International Settlement; Islamic Bank of Senegal
BNM Bank Negara Malaysia (Central Bank of Malaysia)
BUS Full fledge Islamic banks (Indonesia)
CBN Central Bank of Nigeria
CBOS Central Bank of Sudan
CFIs Conventional financial institutions
CIBAFI General Council of Islamic Banks and Financial Institutions
CIMA Inter-African Conference of Insurance Markets (Senegal)
CIPA Certified Islamic Professional Accountant
CIS Collective Investment Schemes
CISI Chartered Institute for Securities and Investment
CMA Capital Market Authority
CRA Credit Rating Agency
CREMPF Conseil Regional de L’Epargne Publique et Des Marches Financiers (Financial
markets regulators (Senegal)
CRSD Committee for the Resolution of Securities Disputes (Saudi Arabia)
CSAA Certified Shari’a Adviser and Auditor
CSSF Commission de Surveillance du Secteur Financier (Luxembourg financial services
supervisor)
DFID Department for International Development (UK)
DFSA Dubai Financial Services Authority
DIAC Dubai International Arbitration Centre
DIFC Dubai International Financial Centre
ECB European Central Bank
ECOWAS Economic Community of West African States
EGP Egyptian Pounds
ETF Exchange Traded Funds
EU European Union
FI Financial Institution
FSAP Financial Sector Assessment Program
FWU German insurance firm
FY Fiscal Year
GAAP Generally Accepted Accounting Principles
GCC Gulf Cooperation Council
GDP Gross Domestic Product
GFC Global Financial Crisis
GIFDC Global Islamic Finance Development Center
G20 Group of Twenty