Artificial Intelligence and Islamic Finance

2021 ◽  
Author(s):  
Adel M. Sarea ◽  
Ahmed H. Elsayed ◽  
Saeed A. Bin-Nashwan
Keyword(s):  
Artificial Intelligence ◽  
Islamic Finance

scholarly journals Artificial Intelligence, Smart Contract and Islamic Finance

2018 ◽  
Vol 14 (2) ◽  
pp. 145 ◽  
Author(s):  
Siti Rohaya Mat Rahim ◽  
Zam Zuriyati Mohamad ◽  
Juliana Abu Bakar ◽  
Farhana Hanim Mohsin ◽  
Norhayati Md Isa
Keyword(s):  
Artificial Intelligence ◽  
Computer Code ◽  
Islamic Finance ◽  
Human Intelligence ◽  
Human Beings ◽  
Finance Industry ◽  
Smart Contract ◽  
Huge Impact ◽  
Block Chain

This study examines the two important aspect of latest technology issues in Islamic finance that related to artificial intelligence (AI) and smart contract. AI refers to the ability of machines to understand, think, and learn in a similar way to human beings, indicating the possibility of using computers to simulate human intelligence. Smart contract is a computer code running on top of a block-chain containing a set of rules under which the parties to that smart contract agree to interact with each other. The main objectives of this article are to evaluate the operations of AI and smart contract, to make comparison between the operations of AI and smart contract. This article concludes that AI and smart contract will have a huge impact in future for Islamic Finance industry.

Artificial intelligence (AI) applications in Islamic finance and banking sector

2021 ◽  
pp. 108-121
Author(s):  
Adel Sarea ◽  
Mustafa Raza Rabbani ◽  
Md. Shabbir Alam ◽  
Mohammad Atif
Keyword(s):  
Artificial Intelligence ◽  
Banking Sector ◽  
Islamic Finance

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.

Artificial Intelligence and Blockchain-Driven Islamic Capital Markets

2020 ◽  
pp. 874-888
Author(s):  
Hazik Bin Mohamed ◽  
Norhanim Mat Sari
Keyword(s):  
Artificial Intelligence ◽  
Capital Markets ◽  
Transformational Change ◽  
Institutional Development ◽  
Big Data Analysis ◽  
Islamic Finance ◽  
Barriers To Adoption ◽  
Advanced Technologies ◽  
Operational Design ◽  
Key Features

New innovative digital and advanced technologies are transforming the way we access and use existing financial products and services. Fintech is becoming disruptive more and more by latest and advanced technologies such as blockchain, cloud computing, big data analysis, Internet of Things, robo-advisors, and artificial intelligence. This chapter discusses the crucial innovation, structural and institutional development for financial technologies in Islamic Finance. The blockchain proposes a new operational design, where all actors within the capital market can work from common ledgers, with collective datasets in almost real-time, and supporting operations which are more streamlined. The system will also incorporate fraud-detection and compliance enhancements, where applicable. This conceptual chapter also assesses the key features of the AI and blockchain architecture and protocol developments. It identifies areas where AI and blockchain can bring substantial transformational change, while at the same time, identifies some of the major barriers to adoption within the capital markets.

Sign in / Sign up

Export Citation Format

Share Document