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Home > Contributor Biographies > Daud Vicary Abdullah

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Daud Vicary Abdullah

Managing Director, DVA Consulting, USA
Daud Vicary AbdullahDaud Vicary Abdullah

Daud Vicary Abdullah is the managing director of DVA Consulting. Since 2002 he has focused exclusively on Islamic finance. He is a distinguished fellow of the Islamic Banking and Finance Institute Malaysia (IBFIM), a Chartered Islamic Finance Professional (CIFP), and a former board member of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). He was the first managing director of Hong Leong Islamic Bank, after which he became chief operating officer and ultimately acting CEO at the Asian Finance Bank. He is now engaged by Deloitte to assist in the setting up of their global Islamic finance practice. Abdullah is a frequent speaker and commentator on matters relating to Islamic finance.

Articles by this Author

  • Procedures for Reporting Financial Risk in Islamic Finance
    by Daud Vicary Abdullah, Ramesh Pillai
    The key elements of Islamic finance can be summarized as follows:Materiality and validity of transactions: There is no profit sharing without risk taking, and earning profit is legitimized by engaging in economic venture. Money is not a commodity but a medium of exchange, a store of value, and a unit of measurement. Mutuality of risk sharing: Clearly defined risk and profit sharing characteristics serve as an additional built-in mechanism. There...

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