The Islamic finance glossary pulls together key definitions and acronyms for terms commonly used in the Islamic finance industry and in Islamic finance products and provides links to relevant resources. Note that the transliteration of Arabic words into Roman script follows no particular format and simply reflects preferences commonly adopted in the Islamic finance industry. A-F Title Details Auditing and Accounting Organisation for Islamic Financial Institutions (AAOIFI) The leading Islamic international autonomous not-for-profit corporate body that prepares accounting, auditing, governance, ethics and Shari’ah standards for Islamic Financial Institutions (IFIs) and the global Islamic finance industry. Established in Bahrain in 1991, it is supported by a number of institutional members from over 45 countries, including central banks and regulatory authorities, financial institutions, accounting and auditing firms, and legal firms. Its standards are followed by the leading IFIs across the world and have introduced a progressive degree of harmonisation of international Islamic finance practices. It also offers professional qualification programs (notably Certified Islamic Professional Accountant (CIPA), the Certified Shari’ah Adviser