1st Edition

Artificial Intelligence and the Future of Islamic Finance

326 Pages 44 B/W Illustrations
by Routledge

326 Pages 44 B/W Illustrations
by Routledge

Artificial intelligence (AI) is revolutionizing the financial sector, transforming markets globally through innovation, efficiency, and emerging technologies. This book explores how AI is transforming the world of Islamic finance while addressing the unique ethical challenges Shariah law poses. It offers a comprehensive understanding of how AI can be responsibly integrated into Islamic... Read more

1. Introduction: AI and Finance in the Digital Age Part I: Foundations of AI and Ethical Considerations in Islamic Finance 2. Applications of Artificial Intelligence from an Islamic Economics Perspective 3. Do Muslims Only Agree on Economics? An AI-Based Exploration 4. Artificial Intelligence (AI) Ethics-Centered Design 5. Educating for the AI Era: Harnessing the Wild GenAI Horse through Multiplex AI Humanities and Critical AI Literacy 6. Investigation of Digital Divide in OIC Countries and Its Implications for Sustainable Development Part II: AI in Practice: Applications in Islamic Finance and Beyond 7. Exploring the Role of Artificial Intelligence in Equity Crowdfunding Platform Optimization 8. Emerging Technologies and Islamic Banking: A Retrospective Analysis Using Machine Learning-based Topic Modelling 9. Emergence of Generative AI: Challenges and Opportunities for Shariah Auditors 10. Governing AI in Islamic FinTech: Advancing Social Welfare in Islamic Finance 11. AI and Islamic Social Finance: Applications and Challenges 12. Automation in the Takaful Industry and the Role of AI Part III: Emerging Trends and Future Directions 13. Words that Matter: Linguistic Markers in Earnings Calls 14. AI in Economics Education 15. The Impact of ChatGPT on the Roles and Role Expectations of Professors and Students in Universities 15. Transforming Global Charitable Programs with Artificial Intelligence: A Comprehensive Study on Enhancing Operational Efficiency and Impact 16. Are Machine Learning Models Superior vs. Conventional Time Series Models: An Application to Turkish Inflation Inertia Data 17. The Future of AI and Islamic Finance: Regulatory and Policy Implications 18. Conclusion and Future Roadmap

Biography

Ahmet Faruk Aysan is Professor and Associate Dean of Research at Hamad Bin Khalifa University, Qatar Foundation, Doha, Qatar.

Hussain Mohi-ud-Din Qadri is the Deputy Chairman of the Board of Governors of Minhaj University Lahore (MUL), Pakistan and Professor in the School of Economics and Finance at MUL.

Hassnian Ali is a Post Graduate Researcher at Hamad Bin Khalifa University, Qatar Foundation, Doha, Qatar and Assistant Director Research at International Center for Research in Islamic Economics, ICRIE, MUL.