Islamic FinTech and Artificial Intelligent (AI) for Assessing Creditworthiness

Anshari, Muhammad and Fithriyah, Mia and Polak, Petr and Razzaq, Abdur (2021) Islamic FinTech and Artificial Intelligent (AI) for Assessing Creditworthiness. In: Artificial Intelligence and Islamic Finance Practical Applications for Financial Risk Management. Routledge Publisher, London UK. ISBN 9780367774851

Archive (This book provides a systematic overview of the current trends in research relating to the use of Artificial Intelligence in Islamic Financial Institutions (IFIs), across all Organization of Islamic Cooperation (OIC) countries.) 9780367774851 - Published Version Restricted to Registered users only until 2030. Download (123kB)

Abstract

Artificial Intelligence and Islamic Finance discusses current and potential applications of Artificial Intelligence (AI) for risk management in Islamic finance. It covers various techniques of risk management, encompassing asset and liability management risk, credit, market, operational, liquidity risk, as well as, regulatory and Shariah risk compliance within the financial industry. The authors highlight AI’s ability to combat financial crime such as monitoring trader recklessness, anti-fraud and anti-money laundering and assert that the capacity of Machine Learning (ML) to examine large amounts of data allows for greater granular and profound analyses across a variety of Islamic financial products and services. The book concludes with practical limitations around data management policies, transparency, and lack of necessary skillsets within financial institutions. By adopting new methodological approaches steeped in an Islamic economic framework (e.g., analysing FinTech in the context of Shariah principles and Islamic values), it devises practical solutions and generates insightful knowledge, helping readers to understand and explore the role of technological enablers in the Islamic finance industry, such as RegTech and Artificial Intelligence, in providing better and Shariah-compliant services to customers through digital platforms. The book will attract a wide readership spanning Shariah scholars, academicians and researchers as well as Islamic financial practitioners and policymakers.

Item Type:	Book Section
Subjects:	?? BP ?? ?? HG ??
Divisions:	?? Buku ??
Depositing User:	Abdur Razzaq
Date Deposited:	31 Aug 2021 02:39
Last Modified:	31 Aug 2021 02:39
URI:	http://repository.radenfatah.ac.id/id/eprint/9522

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