The role of artificial intelligence in shaping Islamic finance services

Zeyneb Guellil and Sarah Bouri
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Zeyneb Guellil: Abou Bakr Belkaid Tlemcen University, Faculty of Economics, Business and Commerce
Sarah Bouri: Higher School of Management – Tlemcen-Algeria

Management Intercultural, 2024, issue 53, 53-61

Abstract: The role of artificial intelligence in shaping Islamic finance services reflects a fusion of modern technology and Islamic principles, offering innovative opportunities to enhance financial services in ways that are compatible with Islamic law. This research paper aims to study the role of artificial intelligence in shaping Islamic finance services by addressing key theoretical literature related to artificial intelligence and Islamic finance and examining their relationship. Using a descriptive-analytical approach, the paper reviews current and future applications of artificial intelligence in financial services, as well as the major challenges in applying artificial intelligence in Islamic finance. The study concludes that artificial intelligence can enhance innovation in the Islamic finance sector by providing advanced and innovative solutions that better meet customer needs.

Keywords: Artificial Intelligence; Islamic Finance (search for similar items in EconPapers)
JEL-codes: G21 O32 (search for similar items in EconPapers)
Date: 2024
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