Artificial Intelligence and  NLP -Based  Chatbot for Islamic Banking and Finance

2021 ◽  
Vol 11 (3) ◽  
pp. 65-77
Author(s):  
Shahnawaz Khan ◽  
Mustafa Raza Rabbani
Keyword(s):  
Artificial Intelligence ◽  
Language Processing ◽  
Research Study ◽  
Banking Industry ◽  
Customer Engagement ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Banking And Finance ◽  
Use Of Technology

The role of artificial intelligence (AI) is becoming increasingly important in the field of banking and finance. It has come a long way, and the trend is likely to continue for some time in the future as well. This research study reviews the role of artificial intelligence and use of technology in the finance and banking industry and how AI has changed the way the banks and financial institutions do their business. Customer engagement is one of the most critical parts of the finance and banking industry. This research proposes an artificial intelligence and natural language processing (NLP)-based chatbot model for advising the customers of Islamic banking and finance. Presently, the proposed chatbot is the first chatbot that will help the Islamic finance and banking customers to interact in real time and get Islamic financial advice based on the principles of Sharia related to individual's financial needs.

scholarly journals The Role of Musharakah in the Economic Development of Tehsil Dargai, District Malakand, Khyber Pakhtunkhwa, Pakistan

2019 ◽  
Vol 6 ◽  
pp. 80-97
Author(s):  
Suhail Ahmad ◽  
Ejaz Aslam ◽  
Prof. Dr. S. Ghiasul Haq ◽  
Prof. Dr. Mohd Ma'Sum Billah
Keyword(s):  
Response Rate ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Limited Data ◽  
Khyber Pakhtunkhwa ◽  
Banking And Finance ◽  
Finance Industry ◽  
Muslim Countries ◽  
Job Opportunities

Islamic finance industry has been growing for the last twenty years, both in Muslim and non-Muslim countries around the world. There are different modes of Islamic finance which provide job opportunities across the globe. In Pakistan, the contemporaneous growth of Islamic banking and finance is not different from other countries. Islamic banking and finance does not only provide employment for individuals, indeed it also offers various products and services to customers across the country. Musharakah is a form of business in Islamic finance that is being adopted rapidly by most of the customers in Islamic banking and finance institutions. Therefore, the purpose of this study is to examine the role of Islamic finance, mainly how Musharakah is playing its due role in creating employment and maintaining sustainable development projects which in turn are causes of the development of the economy, particularly of Tehsil Dargai. For this purpose, this study collected data through a questionnaire that was randomly distributed among 100 respondents in Tehsil Dargai, District Malakand, Khyber Pakhtunkhwa (KP), Pakistan and the response rate was 60%. We found that Islamic finance is rapidly growing in Dargai; indeed, people are practicing different modes of Islamic finance and Musharakah is the most popular form of Islamic finance in this area. This study utilizes limited data because it was only conducted in Dargai.

scholarly journals Analyzing the Role of Islamic Finance in Kuwait Regarding Sustainable Economic Development in COVID-19 Era

2022 ◽  
Vol 14 (2) ◽  
pp. 701
Author(s):  
Salah Alhammadi
Keyword(s):  
Economic Development ◽  
Best Practices ◽  
Management Strategies ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Banking And Finance ◽  
Sustainable Economic Development ◽  
Grounded Theory Method ◽  
The Impact

The aim of the present study was first to consider the impact of COVID-19 on Kuwait’s economy. Second, it attempted to examine the role of Islamic banking and finance in achieving socioeconomic justice and attaining best practices by securing social goods. Hence, the research assessed how Islamic banking and finance can help in reconstructing the economy based on Maqasid Al-Shari’ah (higher ethical objectives) to redevelop social, economic, and environmental welfare, especially in the COVID-19 era. A theoretical approach was adopted, namely, the grounded theory method (GTM), to explore COVID-19 related solutions for achieving sustainable economic development. The findings show that Islamic banking and finance can be employed to mitigate the impact of coronavirus and can be used as an alternative financial system to support both affected people and entrepreneurs. The paper expands on previous literature discussing the role of Islamic finance in management strategies through Islamic ethical objectives, with a particular focus on Kuwait’s post-COVID-19 era. This research can help policymakers to develop mechanisms and supporting approaches for Kuwait’s economy.

scholarly journals Peranan Pemerintah Dalam Mendorong Pertumbuhan Bank Syariah

2020 ◽  
Vol 1 (1) ◽  
pp. 72-83
Author(s):  
Ishak Trianda
Keyword(s):  
Banking Industry ◽  
National Development ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Banking And Finance ◽  
Finance Industry ◽  
Industry Competition ◽  
The World ◽  
Economic Foundation ◽  
National Industry

Pemerintah Indonesia sebagai motor penggerak pembangunan nasional. Sudah saatnya melakukan planning ke depan untuk menjadikan Indonesia sebagai pusat sentral ekonomi syariah dunia. Untuk itu perlu akselerasi daya saing industri ekonomi syariah nasional. Diawali dengan menyiapkan anggaran yang significan untuk sosialisasi terhadap perangkat-perangkat pendukung yang membuat bangkit dan berkembangnya ekonomi syariah tersebut khususnya perbankan syariah. Diantaranya menyiapkan sumber daya manusia yang handal diperkirakan kedepan membutuhkan 200 ribu tenaga kerja baru untuk keuangan dan perbankan syariah, menyiapkan angggaran sosialisasi terhadap sekitar 85 % penduduk Indonesia yang beragama Islam ( 240 juta jiwa) calon pengguna dan pemanfaat industri keuangan perbankan syariah tanah air. Termasuk keseluruh pesantren di 33 propinsi Indonesia ( 25 ribu pesanteren), pada 3,7 juta santri dan sejumlah kelompok usaha mikro syariah dan BMT. Diharapkan nantinya menjadi penopang pembangunan nasional agar mampu membangun pondasi ekonomi yang kuat, regulasi, persaingan industri yang sehat, pelaku industri modern, teknologi tepat guna sehingga menopang efisiensi industri. Sehingga pada saatnya menjadikan Indonesia sebagai motor penggerak ekonomi syariah dunia melampaui Arab Saudi, Iran dan Malaysia. Sangat memungkinkan, karena saat ini juga perkembangan ekonomi syariah Indonesia terus tumbuh mencapai 40 % setiap tahun dibandingkan pertumbuhan ekonomi konvensional hanya 19 %. Bahkan saat ini Indonesiapun dapat disebut negara dengan industri keuangan syariah terbesar di dunia karena memiliki lebih 20 ribu buah koperasi syariah dan Balai Mandiri Syariah Terpadu.Kata kunci : Sentral Ekonomi Syariah, Akselerasi, SosialisasiAbstractIndonesian government as a driving force of national development. It is time to do the planning ahead to make Indonesia as the central hub of Islamic finance world. It is necessary to accelerate the competitiveness of the national industry of Islamic finance. Begins with setting up a budget that significan to disseminate the devices that make up and support the development of Islamic economics is particularly Islamic banking. Among prepare qualified human resources estimated future need 200 thousand new workers for the Islamic banking and finance, preparing budget socialization of around 85% of Indonesia's population is Muslim (240 million) of potential users and beneficiaries of Islamic Banking industry country. Including schools in 33 provinces throughout Indonesia (25 thousand pesanteren), at 3.7 million students and a number of Islamic micro business group and BMT. Expected later became the backbone of national development in order to be able to build a strong economic foundation, regulatory, industry competition is healthy, modern industry, appropriate technologies that support the efficiency of the industry. So that in time to make Indonesia as the Islamic world's economic powerhouse surpassed Saudi Arabia, Iran and Malaysia. It is possible, because today the development of Islamic finance Indonesia continues to grow at 40% per year compared to conventional economic growth is only 19%. Even today Indonesia to be called the country with the largest Islamic finance industry in the world because it has more than 20 thousand pieces and cooperative Islamic Syariah Mandiri Integrated Hall.Key words : Shari’a Economics Center, Accelerate, Sosialization

scholarly journals عروض مختصرة

2012 ◽  
Vol 18 (70) ◽  
pp. 158-149
Author(s):  
أسماء حسين ملكاوي
Keyword(s):  
Higher Education ◽  
Research Study ◽  
Islamic Finance ◽  
Academic Publishing ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Banking And Finance ◽  
Financial Exclusion ◽  
Asian Tiger ◽  
Future Challenges

التجربة الماليزية "وفق مبادئ التمويل والاقتصاد الإسلامى"، نوال عبد المنعم بيومي، القاهرة: مكتبة الشروق الدولية، 2011م، 200 صفحة. التمويل العقاري "دراسة فقهية قانونية اقتصادية مقارنة"، هشام محمد القاضى، الإسكندرية: دار الفكر الجامعي، 2012م، 615 صفحة. التمويل الإسلامي، جينفياف كوس - بروكليه، ترجمة: مصطفى الجبزي، بالاشتراك مع الملحقية الثقافية السعودية في فرنسا، الدار العربية للعلوم ناشرون، السلسلة: أسواق وتمويل، 2011م، 319 صفحة. البنوك الإسلامية والمنهج التمويلي، مصطفى كمال السيد طايل، عمان: دار أسامة للنشر والتوزيع، 2012م، 496 صفحة. المعاملات المالية في الشريعة الإسلامية، بلال عماد أبو السعيد، عمان: دار أسامة للنشر والتوزيع، 2011م، 216 صفحة. التنظير في الاقتصاد الإسلامي؛ دراسة في إمكانه ومنهجيته، حسن آقا نظري، ترجمة: حسين صافي،2012م، بيروت: مركز الحضارة لتنمية الفكر الإسلامي، 264 صفحة. الإسلام والثراء الفاحش؛ مأزق الاقتصاد الإسلامي، تيمور كوران، ترجمة: نوح الهرموزي، عمان: الأهلية للنشر والتوزيع، 2012م، 303 صفحة. حماية المستهلك بين مقاصد الشريعة والفكر الاقتصادي الوضعي في منظور منهج الاقتصاد الإسلامي، إبراهيم الأخرس، مصر: إيتراك للنشر والتوزيع، 2012م، 276 صفحة. الجاهزية الإلكترونية للبلدان العربية وانعكاساتها المحتملة على فرص تفعيل بيئة اقتصاد المعرفة، حسن مظفر الرزو، 2012م، بيروت: مركز دراسات الوحدة العربية، 638 صفحة. في الاقتصاد الإسلامي البعد المعرفي والقيمي، جاسم الفارس، 2011م، عمان: دار مجدلاوي للنشر والتوزيع، 112 صفحة. الأموال العربية المهاجرة: عوامل العودة وآليات التوظيف، أدهم إبراهيم جلال الدين، القاهرة: دار السلام، 2012م، 264 صفحة. Islamic Banking and Financial Crisis: Reputation, Stability and Risks, Habib Ahmed, UK- Edinburgh University Press (October 31, 2012),192 pages. Legal, Regulatory and Governance Issues in Islamic Finance, Rodney Wilson, UK- Edinburgh University Press (July 31, 2012), 232 pages. The Gods of Business: The Intersection of Faith and the Marketplace, Quist Albertson, Civilian Media; 3rd edition (April 18, 2012), 202 pages. Islamic Finance in Western Higher Education: Developments and Prospects, Cristina Trullols(Editor), Ahmed Belouafi  (Editor), Abderraza  Belabes  (Editor), UK- Palgrave Macmillan (December 24, 2012), 256 pages. Islam and Sustainable Development: New Worldviews (Transformation and Innovation), Odeh Rashed Al-jayyousi, England - Gower Pub Co (July 30, 2012), 202 pages. Myths, Lies and Oil Wars, William Engdahl, Sweden- Gertrud Engdahl (July 1, 2012), 238 pages. Customer Awareness and Service Quality: A research study about Islamic Banks, Muhammad Naeem Akhtar, Germany- LAP LAMBERT Academic Publishing, (June 28, 2012), 120 pages. Islamic Banking and Finance (IBF): Development and It's Future Challenges in Malaysia, Hassanudin Bin Mohd, Germany- LAP LAMBERT Academic Publishing (June 21, 2012), 76 pages. Migrants and Their Money: Surviving Financial Exclusion, Kavita Datta, UK- Policy Press, (June 15, 2012), 230 pages. Malaysia and the Developing World: The Asian Tiger on the Cinnamon Road, Jan Stark, USA- Routledge; 1 edition (December 11, 2012), 208 pages. للحصول على كامل المقالة مجانا يرجى النّقر على ملف ال PDF  في اعلى يمين الصفحة.

Fudhuli Transactions:Potential Applications and Parameters

2021 ◽  
Vol 12 (3) ◽  
pp. 2801-2811
Author(s):  
Ahmad Zakirullah Mohamed Shaarani Et.al
Keyword(s):  
Islamic Finance ◽  
Islamic Banking ◽  
Banking And Finance ◽  
Library Research ◽  
Do So

Tasarrufal-Fudhuli refers to transactions or contracts carried out by a person who does not have the authority or legitimacy to commit the transaction, and these contracts include exchange contracts such as sales, rent and services, or charitable contracts such as representation/wakalah, hibah, loans, guarantees, and so on. In the context of Islamic finance, although it is a type of transaction that is argued and debated by the jurists and fuqaha, some have begun to realize its great potential in keeping with current developments, especially in the field of Islamic banking and finance. Besides looking at Fudhuli in terms of its meaning and the Shariah rules that govern it, the main focus of this study is the discussion of its dhawabhit/ parameters as it has its own risks associated with it compared to other established types of Islamic contracts. The study utilizes a full library research by analyzing scholar`s debates and their arguments on this kind of contract, the contract`s potential, followed by analyzing the parameters that should be adopted in operationalizing this contract together with the discussion on the issues of fudhulithat are relevant to current Islamic banking and finance operations. The results of this study show that the views that allow this contract has strong arguments, and that it has also been widely practiced outside of Malaysia, but is relatively new in Malaysia. While it is permissible, however, some parameters must be put in place so that it is not in conflict with Shariah, and comply with the Shariah requirement of each contract done on a fudhuli basis. There must also be an urgent and genuine need to do so, and not involve ribawi items that require immediate delivery of the asset, as well as the existence of a council or body that controls and monitors the process and implementation by the involved parties

scholarly journals ??? ???? ??????? ??????? ?? ??????? ??????? ??? ??????? ????????? ?? ????????? ??????? ?? ??????: ????? ????? ?????? ?????

2016 ◽  
Vol 1 (2) ◽  
pp. 215
Author(s):  
Hatta Syamsuddin ◽  
Abdul Khaliq Hasan ◽  
Moh Muinudinillah
Keyword(s):  
Supervisory Board ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Finance Industry ◽  
Islamic Jurisprudence ◽  
Banking Business ◽  
Rules And Principles ◽  
Muslim Communities ◽  
Financial Transactions

The emergence of Islamic banking was considered as a response to the desire of Muslim communities to disassociate from usury (riba-based) system. The development of time increasing the diversity of financial transactions, both in trading and banking business, which has no provisions in the old sources of Islamic jurisprudence. This dangerous phenomenon was the reason for the importance of a Sharia Supervisory Board to ensure all of the banking transactions comply with the rules and principles of sharia. This research focused on the role of National Sharia Board and his methodology in the fatwa. This research uses analytical descriptive methodology. The limitations of this research were about: how the National Sharia Board played their roles in Indonesia and how the method applied by the National Sharia Board in issuing a fatwa. The research found that: the National Sharia Board in Indonesia has played their roles, especially in developing Islamic finance industry, ensuring financial and banking transaction comply with the rules and principles of sharia, and providing awareness and guidance to the Muslim communities. The issuing of fatwa on financial transactions was the authority of the National Sharia Board. The National Sharia Board hold on procedures, specific steps, and certain agreed methodology in issuing the fatwa. Nevertheless, there still some fatwas that caused controversy in the Islamic community

Internet of Technological Transformation and Objects: I Robot Movie Analysis and Covid-19 Artificial Intelligence Robots

2021 ◽  
Author(s):  
Nimet Özsevinç
Keyword(s):  
Artificial Intelligence ◽  
New Media ◽  
Health Sector ◽  
Technological Transformation ◽  
Use Of Technology ◽  
The Social ◽  
Technological Means ◽  
Consumer Habits ◽  
Global Health Problem

With technological transformations, we change our roles with the machines in the present conditions of our sociological, psychological, economic, cultural structures. The use of technology widespread with the effect of capitalism increases our commitment to the technological tools we receive to the center of our lives. The social media revolution that has become a vital part with the new media causes us to integrate with technological means and shows that they have the power to change our communication forms. In particular, the binding of objects with internet providers, manipulates us, use and to our satisfaction. Our developing and continuously changing technology has the effects of our culture, personalities, consumer habits and the perceptions of us by changing our needs. Within the scope of this study, it is emphasized on the concept of the transformation of the technology, and the effects of the objects are made on the fact of the internet (IOT). At the same time, the analysis of this concept is analyzed the epidemic film related to the use of the health sector. The role of the artificial intelligence robots used in the fight against Covid-19, which is described as a global health problem, the role used in the challenge of this technology used to examine the benefits and damages of this technology used.

Revisiting Companionship and the Socio-Economy of the Islamic Guilds

2021 ◽  
pp. 112-147
Author(s):  
Hasan Shahpari ◽  
Tahereh Alavi Hojjat
Keyword(s):  
Islamic Banking ◽  
Clear Understanding ◽  
Banking And Finance ◽  
Legal Foundation ◽  
History Of ◽  
Conventional Banks ◽  
Islamic Economic ◽  
Craft Guilds ◽  
The Relationship

This chapter is an introduction to the history of the formation of guilds and how they connect them to the religious and social structures that molded them. The craft-guilds are one of the most interesting and characteristic phenomena of medieval Muslim civilization. The guild in Muslim life was built essentially on the idea of the market and based on the needs of the guildsmen. Many different countries officially claim their commitment to Islam and Islamic economics. However, Islam and Islamic economic systems differ significantly from one country to another. Analysis of the Islamic economic system is impossible without a clear understanding of the legal parameters that shaped such a system. The legal foundation of the Islamic society, known as Shari'a, is considered eternally valid and applicable to all times and places. Islamic laws not only provide society with collections of laws and prescriptions which indicate the Islamic path, they also focus on specific human activities and classify them according to their degree of desirability from God's perspective. Different viewpoints on the relationship between religion, culture, and economic performance are investigated here. Finally, the role of the central bank and Islamic banking and finance will be discussed in detail. While Islamic banks play roles similar to conventional banks, fundamental differences exist between the two models. The main difference between Islamic and conventional banks is that the former operate in accordance with the rules of Shari'a, the legal code of Islam. The central concept in Islamic banking and finance is justice, which is achieved mainly through the sharing of risk. Stakeholders are supposed to share profits and losses, and charging interest is prohibited.

Sign in / Sign up

Export Citation Format

Share Document