Page 259 - KWAP_AR2022

OTHER INFORMATION Annual Report 2022 257

IT (Information Technology) SAA (Strategic Asset Allocation)
it is the acquisition, processing, storage and dissemination the primary goal of a saa is to create an asset mix that
of vocal, pictorial, textual and numerical information by a will provide an optimal balance between expected risk and
microelectronics based combination of computing and returns for a long-term investment horizon.
telecommunications.
SLA (Service-Level Agreement)
LEED Certification (Leadership in Energy and
Environmental Design Certification) the service contract component between a service
provider and customer.
leed is one of the most popular green building certification
programmes used worldwide. SUKUK
MENA (Middle East and North Africa) islamic bonds, structured in a way to generate returns
without infringing islamic law which prohibits interest or
an acronym for the middle east and north africa (mena) riba. sukuk represents undivided shares in the ownership
region.
of tangible assets relating to particular projects or
MxWD (The MSCI World Index) investment activity.
mXWd captures large and mid-cap representation Shariah-compliant Funds
across 23 developed markets (dm) countries. With 1,509 shariah-compliant funds are investment funds governed
constituents, the index covers approximately 85% of the by the requirements of shariah law and the principles of the
free float-adjusted market capitalisation in each country.
islamic religion. shariah-compliant funds are considered
OPEx (Operating Expenditure) to be a type of socially responsible investing.

an operating expenditure is an expense that a business TAA (Tactical Asset Allocation)
incurs through its normal business operations.
it is a method in which an investor takes a more active
OPR (Overnight Policy Rate) approach to position a portfolio into those assets,
sectors or individual stocks that show the most potential
opr is an overnight interest rate set by bnm used for for gains.
monetary policy direction. it is the target rate for the day-
to-day liquidity operations of the bnm. Total Return
ORE (Operational Risk Event) total return, when measuring performance, is the actual
rate of return of an investment or a pool of investments
ore arises from failure of the people, systems or processes over a given evaluation period. total return includes
in an organisation.
interest, capital gains, dividends and distributions realised
Quasi-Government Bonds over a given period of time.

bonds issued by non-government entities, but they are
usually backed by the government.