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IsDB : Islamic Development Bank
ITC : Insurance Training Centre (Turkey)
MAR : Minimum Allocation Rate
MDBs : Multilateral Development Banks
MENA : The Middle East and North Africa
MIFC : Malaysian International Islamic Financial Centre
MTA : Malaysian Takaful Association
MVB : Motor Vehicles Bureau (Turkey)
MYR : Malaysian Ringgit
NGO : Non-Governmental Organization
NPM : Net Profit Margin
NWP : Net Written Premiums
OECD : Organization for Economic Cooperation and Development
OIC : Organization of Islamic Cooperation
ORYM : Olağandışı Riskler Yönetim Merkezi (Extraordinary Risk Management Centre,
Turkey)
OTC : Over the Counter
PA : Participant’s Account
PBAT : Participation Banks Association of Turkey
PBUH : Peace be upon him (for Prophet Muhammad)
PIF : Participant Investment Fund
PMC : Pension Monitoring Centre (Turkey)
PPP : Public Private Partnership
PRA : Prudential Regulation Authority
PRF : Participants’ Risk Fund
PSA : Participants’ Special Account
QD : Quantitative Development
RBC : Risk-Based Capital
RBCT : Risk-Based Capital for Takaful
RSA : Regulatory and Supervisory Authority
RTO : Re-Takaful Operator
SAC : Shari'ah Advisory Council
SAMA : Saudi Arabian Monetary Authority
SAR : Saudi Riyal
SDIF : Savings Deposit Insurance Fund of Turkey
SEA : South-East Asia
SECP : Securities and Exchange Commission of Pakistan
SLC : Student Loans Company
TASF : Takaful Alternative Student Finance
TIIW : Turkish Insurance Institute Waqf
TO : Takaful Operator
TOBB : Türkiye Odalar ve Borsalar Birliği (The Union of Chambers and Commodity
Exchanges, Turkey)
TP : Takaful Participant
TRY : Turkish Lira
TÜSAF : Türkiye Sigorta Acenteleri Federasyonu (Insurance Agents Federation, Turkey)
UKTI : UK Trade and Investment
US$ : United States Dollar