President and CEO, International Centre for Education in Islamic Finance (INCEIF)
Daud Vicary Abdullah
Daud Vicary Abdullah is the President and Chief Executive Officer of INCEIF, The Global University of Islamic Finance.
He has been in the finance and consulting industry for over 41 years, with significant experience in Asia, Europe, Latin America and the Middle East. Since 2002 he has focused exclusively on Islamic finance. Prior to INCEIF, he was the Global Islamic Finance Leader with Deloitte.
Daud holds an Economic and Social History Honours degree from the University of Bristol in England. He is a distinguished fellow of the Islamic Banking and Finance Institute of Malaysia (IBFIM) and a former Board member (2003 – 2007) of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). In 2008, he was awarded the Chartered Islamic Finance Professional (CIFP).
He sits on the Board of Governors of both the International Academy of Financial Management and the Institute of Enterprise Risk Practitioners.
Daud started his career with Lloyds Bank, followed by Chemical Bank and Midland Bank, where he gained experience in Retail Banking Operations, Internal Audit, Back Office Systems, IT Support and Internal Consultancy. He spent 9 years as a Partner/Director with Deloitte Consulting where he was responsible for setting up the firm’s Global Centre of Excellence for Islamic Finance based in Malaysia and involved in developing and running Shariah Review Programs and the transformation of financial institutions to provide Islamic financial services.
Daud was the first Managing Director of Hong Leong Islamic Bank, where under his guidance the Group successfully transformed an Islamic banking window into a full-fledged Islamic banking subsidiary. During his time at Hong Leong he was also closely involved in the planning for and launch of Hong Leong Tokio Marine Takaful, where he was a Board member. Following that, Daud became Chief Operating Officer at Asian Finance Bank, a start-up Islamic bank, where he was responsible for establishing the infrastructure to support the business lines, opened new branches and established a representative office in Jakarta.
Daud has co-authored the book “Islamic Finance: Why It Makes Sense”, published by Marshall Cavendish. He is also a frequent speaker and commentator on matters relating to Islamic finance.