AAOIFI Accounting and Auditing Organization for Islamic Financial

Institutions
ALM Asset-liability management
ARCIFI Arbitration and Reconciliation Centre for Islamic Financial
Institutions
CAMEL Capital adequacy, asset quality, management, earnings, and
liquidity
CAR Capital adequacy ratio
CIBAFI General Council of Islamic Banks and Financial Institutions
DJIM Dow Jones Islamic Market Index
EBIT Earnings before interest and taxes
EBITDA Earnings before interest, taxes, depreciation, and amortization
EBT Earnings before taxes
ECO Extended co-financing operation
FIFO First in, first out
GAAP Generally Accepted Accounting Principles
GCC Gulf Cooperation Council
HSBC Hong Kong and Shanghai Banking Corporation
IAS International Accounting Standards
ICD Islamic Corporation for the Development of the Private Sector
IDB Islamic Development Bank
IFC International Finance Corporation
IFRS International Financial Reporting Standards
IFSB Islamic Financial Services Board
IICCS Islamic inter-bank check clearing system
IIFM International Islamic Financial Market
IIRA International Islamic Rating Agency
xxiiiIMF International Monetary Fund
IRB Internal ratings-based approach
IRR Investment risk reserve
IRTI Islamic Research and Training Institute
ITFC Islamic Trade Finance Corporation
LIFO Last in, first out
LIBOR London Interbank Offered Rate
OIC Organization of Islamic Countries
PAR Profit at risk
PER Profit equalization reserve