Manama: The 20th Islamic Banking and Finance Conference, organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in cooperation with the Islamic Development Bank Group (IsDB), represented by the Islamic Development Bank Institute, began today under the theme 'Islamic Finance in the Era of Artificial Intelligence: Present Potentials and Future Prospects.'
According to Saudi Press Agency, the conference, held in Manama, Kingdom of Bahrain, and continuing for two days, brings together a distinguished group of scholars, policymakers, and experts to discuss key global economic challenges and the impact of artificial intelligence on the operations of Islamic financial institutions. Discussions will address the integration of AI into operational processes, adherence to Sharia principles, and the development of human and technological resources. The conference also aims to raise awareness of the importance of Islamic finance in supporting micro, small, and medium-sized enterprises (MSMEs).
The event features five panel discussions and several keynote addresses by leading figures in the field, focusing on the integration of artificial intelligence into Islamic finance operations, the future outlook for the sector in light of global transformations, and the role of AI-driven business projects in promoting sustainable growth. Participants will also explore strategies for enhancing financial literacy, building institutional capacity, and expanding the application of Islamic finance principles within AI-based financial ecosystems.