Development Of Smart Islamic Finance: Synergy Of Artificial Intelligence And Sharia Economic Principles

afif badawi

Abstract


This research explores the integration of Artificial Intelligence (AI) in the Islamic financial system to create an innovative and sharia principle-compliant Smart Islamic Finance. Using qualitative research methods through literature studies and systems analysis, the findings show that AI can revolutionize four main aspects: (1) automated sharia screening, (2) risk management based on sharia maqashid, (3) optimization of zakat distribution, and (4) big data-based product development. The main challenges include the need to develop algorithms based on fiqh muamalah and handling data bias. This paper presents a conceptual framework for AI-sharia integration as well as policy recommendations for regulators.


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DOI: https://doi.org/10.30596/almuhtarifin.v4i2.25491

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