SONIAi means the SONIA Reference Rate for:
Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;
Tabarru ” means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.
MOHLTC means the Minister or the Ministry of Health and Long-Term Care, as the context requires;
SONIAi-pLBD means, in respect of any London Banking Day falling in the relevant Observation Period, the SONIA reference rate for the London Banking Day falling "p" London Banking Days prior to the relevant London Banking Day "i".