Deloitte expands Islamic finance division

Daud Vicary Abdullah has joined Deloitte Touche Tohmatsu (DTT), as global
leader of Islamic Finance Industry.

In his new role he will lead the global strategy and provide guidance to
member firms on governments and businesses relating to the Islamic finance

He has over 35 years experience in the finance industry working in Asia,
Europe and Latin America. He has predominantly focused on Islamic finance and
held executive roles at Islamic and Asian banks since 2002.

“The Islamic Finance industry is rapidly expanding, which presents
opportunities for companies in various businesses around the world,” said

“Deloitte member firms have formidable experience and delivery capabilities
in all service lines around Islamic Finance,” he added.

DTT provides Islamic institutions with internal and external audit, tax, and
M&A transactions, including provisions of Sharia’a due diligence, advice.

Deloitte estimates 1% – 2% of worldwide financial assets are represented by
Islamic finance.

Islamic finance is a mix of Islamic law and finance which is in keeping of
the Muslim principles of their faith, including not paying interest.

Further reading:

Rexam gives ‘poison chalice’ to new CEO

Related reading