LIST OF ABBREVIATIONS

AAOIFI

Accounting and Auditing Organization for Islamic Financial Institutions

ADR

Alternative Dispute Resolution

AIAC

The Asian International Arbitration Centre

APICORP

Arab Petroleum Investments Cooperation

BAT

Banks Association of Turkey

BIIC

Bahrain Islamic Insurance Company

BIST

Borsa Istanbul (Turkey)

BMT

Baitul Mal wa Tamwil (Indonesia)

BNM

Bank Negara Malaysia (Central Bank of Malaysia)

BOE

Bank of England (UK)

BRSA

Banking Regulation and Supervision Agency (Turkey)

CAGR

Compound Annual Growth Rate

CBMA

Central Bank of Malaysia Act

CBRT

Central Bank of Republic of Turkey

CIIN

Chartered Insurance Institute of Nigeria

CMA

Capital Market Authority (Oman)

CMB

Capital Market Board (Turkey)

COMCEC

Standing Committee for Economic and Commercial Cooperation of the

Organization of the Islamic Cooperation

CSR

Corporate Social Responsibility

DASK

Doğal Afet Sigortaları Kurumu (Natural Disaster Insurance Institution, Turkey)

DIIC

Dubai Islamic Insurance Company (United Arab Emirates)

DMI

Dar al-Mal al-Islami (UK)

EUR

Euro

FAS

Financial Accounting Standard

FCA

Financial Conduct Authority

FSA

Financial Services Act (Malaysia)

FSDP

Financial Sector Development Program (Saudi Arabia)

FSMP

Financial Sector Master Plan

GBP

British Pound

GCC

Gulf Cooperation Council

GREs

Government-related Entities

GWC

Gross Written Contributions

GWP

Gross Written Premiums

IAC

Insurance Arbitration Commission (Turkey)

IAIS

International Association of Insurance Supervisors

IAT

Insurance Association of Turkey

ICD

Islamic Cooperation for the Development of the Private Sector

IFDI

Islamic Finance Development Indicator

IFI

Islamic Financial Institution

IFRS

International Financial Reporting Standard

IFSA

Islamic Financial Services Act (Malaysia)

IFSB

Islamic Financial Services Board

IFTF

Islamic Finance Task Force (UK)

IIAL

Islamic Insurance Association of London (UK)

IIFA

International Islamic Fiqh Academy

IILM

International Islamic Liquidity Management Corporation

IIMC

Insurance Information and Monitoring Centre (Turkey)

IPO

Initial Public Offering