Browsing by Author Vicary Abdullah, Daud

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  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • I would like to turn my attention this month to area of our business that is gaining in traction and requires considerable thought, analysis and attention. This relates primarily to technology, otherwise known as FINTECH, and how it relates to the real world and the real economy. I must confess that, as someone in their 60's, I cannot claim to have any particular expertise in this area. However, I would like to make some observations (based purely on my experience) and to promote not only a discussion but also to speed up the process of realisation.

  • introduction_daud_pisal.pdf.jpg
  • Chapter in Book


  • Authors: Vicary Abdullah, Daud; Zainal, Mohd-Pisal (2014)

  • The subprime crisis that peaked in 2008 has pushed the world economy into the deepest recession since the end of World War II. As doubts mount over the proper functioning of the conventional banking and finance industry during the crisis, growing attention is being given to Islamic banking and finance. Headed by Iran, Saudi Arabi, and Malaysia, Islamic finance has penetrated more than 65 countries around the globe. By the end of 2013, Islamic financial assets were estimated to be around US$1.3 trillion to US$1.5 trillion. Although Islamic assets are roughly less than 1 percent of global financial assets, their rapid growth, especially in Southeast Asia and the Middle East, and their s...

  • Islamic finance consultancy.pdf.jpg
  • Book


  • Authors: McNamara, Paul; Vicary Abdullah, Daud (2016)

  • This Eaglemont Career Book on Islamic finance consultancy aims to paint an accurate and in-depth picture of the good, the bad and the downright challenging aspects of the work to give the reader the best possible picture of what lies ahead if they decide to pursue a career path that takes them towards this destination. The intention throughout the book is to answer the same questions that jobseekers and students might ask themselves.

  • islamic_finance_why_it_makes_sense_daud.pdf.jpg
  • Book


  • Authors: Vicary Abdullah, Daud; Keon, Chee (2010)

  • This book looks at Islamic finance from the perspective of the consumer who has to make very important financial decisions throughout his or her life. It provides timely and highly relevant lessons on the: principles of Islam that form the bedrock of Islamic finance; similarities and differences between conventional and Islamic finance transactions; and types of Islamic financial products and the various contracts underlying them.

  • Islamic finance why it makes sense (for you).pdf.jpg
  • Book


  • Authors: Vicary Abdullah, Daud; Keon, Chee (2014)

  • This volume explains and updates how conventional finance products work-from mortgages and leases to trade finance and insurance-before delving into their Islamic versions. Three new topics are added in the second edition: microfinance, the ethical company and wealth succession.

  • dva_pic2.jpg.jpg
  • Interview


  • Authors: Vicary Abdullah, Daud (2016-01-17)

  • The growth potential of Islamic finance in China is huge given the country’s 1.3 billion population, but developments of Islamic finance institutions in the country is still stunted due to lack of access to Shari’ah-compliant liquidity. Perceived by many in China as being for Muslims only, Islamic finance has struggled to take off. Islamic finance must be open to and adopted by non-Muslims as well, so that it can gain a larger foothold in the country.

  • liquidity_management_institutions_offering_islamic_financial_services_daud_2010.pdf.jpg
  • Academic Proceeding


  • Authors: Vicary Abdullah, Daud (2010)

  • This paper discusses a global overview of liquidity management in institutions offering Islamic financial services. It also investigates the challenges and issues which impact on an effective liquidity management process. The main challenge and issue with liquidity management is to make it a globally accepted process by having global standardisation. This would promote transparency as well as familiarity within the Islamic finance industry. Our findings show that there are still many gaps to be filled, especially in the area of Shari'ah-compliant liquidity management schemes, cross-border liquidity market and infrastructures, availability of adequate short-term financial instrument...

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • This month I would like to focus on an area that I consider of great significance and one that I have written about frequently in the last year or so. The focus is the alignment of Maqasid al Shariah with the United Nations' Sustainable Development Goals (SDGs). This is a topic that I have commented on several times before in this column and I should like, with your indulgence, to give you the latest thoughts and updates that I have been having in this area after several related meetings in recent days. During the last month or so I have had several discussions with a couple of very prominent and globally recognised scholars. Both have expressed concerns, as I have, that the scholars...

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • This month I would like to build on the discussions we have been having over the last few months and reflect on the work we have to do in order to further promote the values of Islamic Finance. In the past month I have had the opportunity to address audiences at conferences, run workshops and discussion groups, contribute at panel discussions as well as some face to face discussions in Zurich, Geneva, Kuala Lumpur and London. Much of what I have been speaking about is based on Relevance, Trust and Impact #RTI, which I discussed at some length last month. In addition to that I have been painting a picture of the alignment between the 17 UN SDG's and the objectives of the Maqasid al Sha...

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • This month I would like to use a theme that I have been using for several months now, which appears to resonate quite well with many different types of audiences all over the world. That theme is "Relevance, Trust and Impact." Relevance applies to individuals as well as Corporations. I recall a discussion I had with a leading Shari'a scholar several months ago, where he was citing the Quran and the importance of remaining relevant at all times. He was using this in the context of a growing concern he held that many of his fellow scholars were becoming increasingly irrelevant to the needs of humanity in the 21st Century! This discussion got me focused and it started to get me thinking...

  • risk_sharing_philosophy_of_Islamic_finance_obiyathulla_daud.pdf.jpg
  • Journal Article


  • Authors: Bacha, Obiyathulla Ismath; Vicary Abdullah, Daud (2016)

  • Economists typically divide the overall macro economy into two sectors, the real sector and financial sector. The real sector represents the productive capacity of the economy and produces the goods and services that accounts for a nation's GDP (Gross Domestic Product). The financial sector on the other hand serves to provide the financing needed by the real sector to produce the goods and services. Islamic economics requires that all financial returns be anchored in real sector returns. For an economy to function optimally, both the real and financial sectors need to function optimally.

  • session_one_global_development_Islamic_finance_daud_vicary.pdf.jpg
  • Academic Presentation


  • Authors: Vicary Abdullah, Daud (2013)

  • Islamic finance as an alternative. Islamic financial sector is in a unique position to promote financial innovation and bring stability to global finance, as long as it is correctly nurtured and developed internationally.

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • This month I would like to focus on the opportunities that we have ahead of us, so long as we remain patient, persistent and focused on making an impact. Overall, I would like to take a brief look at 4 areas that I believe will be critical during 2017 to take us further forward and into the great wide open. All of them could be tied back to my EPL theory (Education, Perception and Liquidity). All of them have the capability of having sustainable impact.

  • moral_foundation_collective_action_economics_crime_mirakhor.pdf.jpg
  • Journal Article


  • Authors: Vicary Abdullah, Daud; Askari, Hossein; Mirakhor, Abbas (2015)

  • Economic and financial crimes, defined generally as crimes against property, have been increasing rapidly in recent years. In the 2014 Global Economic Crime Survey it is noted that among the 5,000 business organisations across the world responding, 37 percent report being victims of economic crime, up from 30 percent in 2009. No country, society, culture or community has been immune. The financial crisis focused attention on elite white-collar crimes while empirical research was pointing to another alarming development: “the everyday crimes of the middle class”, committed by those “[...} at the very core of contemporary society” (Karstedt and Farrall, 2007).

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • As many of you will have heard, I shall be retiring from INCEIF shortly. This does not mean that I am retiring from Islamic Finance and Life in general. It does mean I shall be able to spend some more time with family and to reflect and act on some key focus areas with which I will still continue to be engaged. Make no mistake, I shall remain involved at INCEIF, but just in a different role.

Browsing by Author Vicary Abdullah, Daud

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 16 of 16
  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • I would like to turn my attention this month to area of our business that is gaining in traction and requires considerable thought, analysis and attention. This relates primarily to technology, otherwise known as FINTECH, and how it relates to the real world and the real economy. I must confess that, as someone in their 60's, I cannot claim to have any particular expertise in this area. However, I would like to make some observations (based purely on my experience) and to promote not only a discussion but also to speed up the process of realisation.

  • introduction_daud_pisal.pdf.jpg
  • Chapter in Book


  • Authors: Vicary Abdullah, Daud; Zainal, Mohd-Pisal (2014)

  • The subprime crisis that peaked in 2008 has pushed the world economy into the deepest recession since the end of World War II. As doubts mount over the proper functioning of the conventional banking and finance industry during the crisis, growing attention is being given to Islamic banking and finance. Headed by Iran, Saudi Arabi, and Malaysia, Islamic finance has penetrated more than 65 countries around the globe. By the end of 2013, Islamic financial assets were estimated to be around US$1.3 trillion to US$1.5 trillion. Although Islamic assets are roughly less than 1 percent of global financial assets, their rapid growth, especially in Southeast Asia and the Middle East, and their s...

  • Islamic finance consultancy.pdf.jpg
  • Book


  • Authors: McNamara, Paul; Vicary Abdullah, Daud (2016)

  • This Eaglemont Career Book on Islamic finance consultancy aims to paint an accurate and in-depth picture of the good, the bad and the downright challenging aspects of the work to give the reader the best possible picture of what lies ahead if they decide to pursue a career path that takes them towards this destination. The intention throughout the book is to answer the same questions that jobseekers and students might ask themselves.

  • islamic_finance_why_it_makes_sense_daud.pdf.jpg
  • Book


  • Authors: Vicary Abdullah, Daud; Keon, Chee (2010)

  • This book looks at Islamic finance from the perspective of the consumer who has to make very important financial decisions throughout his or her life. It provides timely and highly relevant lessons on the: principles of Islam that form the bedrock of Islamic finance; similarities and differences between conventional and Islamic finance transactions; and types of Islamic financial products and the various contracts underlying them.

  • Islamic finance why it makes sense (for you).pdf.jpg
  • Book


  • Authors: Vicary Abdullah, Daud; Keon, Chee (2014)

  • This volume explains and updates how conventional finance products work-from mortgages and leases to trade finance and insurance-before delving into their Islamic versions. Three new topics are added in the second edition: microfinance, the ethical company and wealth succession.

  • dva_pic2.jpg.jpg
  • Interview


  • Authors: Vicary Abdullah, Daud (2016-01-17)

  • The growth potential of Islamic finance in China is huge given the country’s 1.3 billion population, but developments of Islamic finance institutions in the country is still stunted due to lack of access to Shari’ah-compliant liquidity. Perceived by many in China as being for Muslims only, Islamic finance has struggled to take off. Islamic finance must be open to and adopted by non-Muslims as well, so that it can gain a larger foothold in the country.

  • liquidity_management_institutions_offering_islamic_financial_services_daud_2010.pdf.jpg
  • Academic Proceeding


  • Authors: Vicary Abdullah, Daud (2010)

  • This paper discusses a global overview of liquidity management in institutions offering Islamic financial services. It also investigates the challenges and issues which impact on an effective liquidity management process. The main challenge and issue with liquidity management is to make it a globally accepted process by having global standardisation. This would promote transparency as well as familiarity within the Islamic finance industry. Our findings show that there are still many gaps to be filled, especially in the area of Shari'ah-compliant liquidity management schemes, cross-border liquidity market and infrastructures, availability of adequate short-term financial instrument...

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • This month I would like to focus on an area that I consider of great significance and one that I have written about frequently in the last year or so. The focus is the alignment of Maqasid al Shariah with the United Nations' Sustainable Development Goals (SDGs). This is a topic that I have commented on several times before in this column and I should like, with your indulgence, to give you the latest thoughts and updates that I have been having in this area after several related meetings in recent days. During the last month or so I have had several discussions with a couple of very prominent and globally recognised scholars. Both have expressed concerns, as I have, that the scholars...

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • This month I would like to build on the discussions we have been having over the last few months and reflect on the work we have to do in order to further promote the values of Islamic Finance. In the past month I have had the opportunity to address audiences at conferences, run workshops and discussion groups, contribute at panel discussions as well as some face to face discussions in Zurich, Geneva, Kuala Lumpur and London. Much of what I have been speaking about is based on Relevance, Trust and Impact #RTI, which I discussed at some length last month. In addition to that I have been painting a picture of the alignment between the 17 UN SDG's and the objectives of the Maqasid al Sha...

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • This month I would like to use a theme that I have been using for several months now, which appears to resonate quite well with many different types of audiences all over the world. That theme is "Relevance, Trust and Impact." Relevance applies to individuals as well as Corporations. I recall a discussion I had with a leading Shari'a scholar several months ago, where he was citing the Quran and the importance of remaining relevant at all times. He was using this in the context of a growing concern he held that many of his fellow scholars were becoming increasingly irrelevant to the needs of humanity in the 21st Century! This discussion got me focused and it started to get me thinking...

  • risk_sharing_philosophy_of_Islamic_finance_obiyathulla_daud.pdf.jpg
  • Journal Article


  • Authors: Bacha, Obiyathulla Ismath; Vicary Abdullah, Daud (2016)

  • Economists typically divide the overall macro economy into two sectors, the real sector and financial sector. The real sector represents the productive capacity of the economy and produces the goods and services that accounts for a nation's GDP (Gross Domestic Product). The financial sector on the other hand serves to provide the financing needed by the real sector to produce the goods and services. Islamic economics requires that all financial returns be anchored in real sector returns. For an economy to function optimally, both the real and financial sectors need to function optimally.

  • session_one_global_development_Islamic_finance_daud_vicary.pdf.jpg
  • Academic Presentation


  • Authors: Vicary Abdullah, Daud (2013)

  • Islamic finance as an alternative. Islamic financial sector is in a unique position to promote financial innovation and bring stability to global finance, as long as it is correctly nurtured and developed internationally.

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • This month I would like to focus on the opportunities that we have ahead of us, so long as we remain patient, persistent and focused on making an impact. Overall, I would like to take a brief look at 4 areas that I believe will be critical during 2017 to take us further forward and into the great wide open. All of them could be tied back to my EPL theory (Education, Perception and Liquidity). All of them have the capability of having sustainable impact.

  • moral_foundation_collective_action_economics_crime_mirakhor.pdf.jpg
  • Journal Article


  • Authors: Vicary Abdullah, Daud; Askari, Hossein; Mirakhor, Abbas (2015)

  • Economic and financial crimes, defined generally as crimes against property, have been increasing rapidly in recent years. In the 2014 Global Economic Crime Survey it is noted that among the 5,000 business organisations across the world responding, 37 percent report being victims of economic crime, up from 30 percent in 2009. No country, society, culture or community has been immune. The financial crisis focused attention on elite white-collar crimes while empirical research was pointing to another alarming development: “the everyday crimes of the middle class”, committed by those “[...} at the very core of contemporary society” (Karstedt and Farrall, 2007).

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • As many of you will have heard, I shall be retiring from INCEIF shortly. This does not mean that I am retiring from Islamic Finance and Life in general. It does mean I shall be able to spend some more time with family and to reflect and act on some key focus areas with which I will still continue to be engaged. Make no mistake, I shall remain involved at INCEIF, but just in a different role.