CIBAFI Hosts Symposium on AI and Fintech in Islamic Finance.

Manama: The General Council for Islamic Banks and Financial Institutions (CIBAFI), a member of the Organization of Islamic Cooperation (OIC), organized a symposium today titled "Navigating the Future: The Role of Artificial Intelligence and Fintech in Islamic Finance." The event was attended by more than 100 participants. According to Saudi Press Agency, speakers at the symposium discussed the transformative impact of artificial intelligence and financial technology on the financial industry, with a particular focus on addressing challenges faced by Islamic banks. The discussions covered the role of AI in promoting financial inclusion, driving innovation in Islamic finance, and ensuring compliance with cybersecurity, data privacy, and Islamic Sharia principles. They emphasized the importance of adopting these technologies responsibly to ensure that Islamic banks and financial institutions remain resilient, ethical, and sustainable in an evolving financial landscape.