{"id":5601,"date":"2025-10-22T09:39:39","date_gmt":"2025-10-22T01:39:39","guid":{"rendered":"https:\/\/centre.iium.edu.my\/cie\/?page_id=5601"},"modified":"2025-10-22T10:51:45","modified_gmt":"2025-10-22T02:51:45","slug":"shariah-compliance-challenges-of-using-ai-in-islamic-financial-markets","status":"publish","type":"page","link":"https:\/\/centre.iium.edu.my\/cie\/shariah-compliance-challenges-of-using-ai-in-islamic-financial-markets\/","title":{"rendered":"SHARI\u2019AH COMPLIANCE CHALLENGES OF USING AI IN ISLAMIC FINANCIAL MARKETS"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"5601\" class=\"elementor elementor-5601\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-485d412 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"485d412\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4160edc\" data-id=\"4160edc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ce7e53 elementor-widget elementor-widget-heading\" data-id=\"7ce7e53\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">SHARI\u2019AH COMPLIANCE CHALLENGES OF USING AI IN ISLAMIC FINANCIAL MARKETS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4fa0583 elementor-widget elementor-widget-heading\" data-id=\"4fa0583\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">13 October 2025 | Iranian Association of Islamic Finance Webinar Series<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-20ddcad elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20ddcad\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4b4b6f7\" data-id=\"4b4b6f7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-571b92f elementor-widget elementor-widget-spacer\" data-id=\"571b92f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c23fcee elementor-arrows-position-inside elementor-pagination-position-outside elementor-widget elementor-widget-image-carousel\" data-id=\"c23fcee\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;slides_to_show&quot;:&quot;1&quot;,&quot;navigation&quot;:&quot;both&quot;,&quot;autoplay&quot;:&quot;yes&quot;,&quot;pause_on_hover&quot;:&quot;yes&quot;,&quot;pause_on_interaction&quot;:&quot;yes&quot;,&quot;autoplay_speed&quot;:5000,&quot;infinite&quot;:&quot;yes&quot;,&quot;effect&quot;:&quot;slide&quot;,&quot;speed&quot;:500}\" data-widget_type=\"image-carousel.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-image-carousel-wrapper swiper\" role=\"region\" aria-roledescription=\"carousel\" aria-label=\"Image Carousel\" dir=\"ltr\">\n\t\t\t<div class=\"elementor-image-carousel swiper-wrapper\" aria-live=\"off\">\n\t\t\t\t\t\t\t\t<div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"1 of 5\"><figure class=\"swiper-slide-inner\"><img decoding=\"async\" class=\"swiper-slide-image\" src=\"https:\/\/centre.iium.edu.my\/cie\/wp-content\/uploads\/sites\/23\/2025\/10\/IMG-20251022-WA0014-1024x476.jpg\" alt=\"IMG-20251022-WA0014\" \/><\/figure><\/div><div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"2 of 5\"><figure class=\"swiper-slide-inner\"><img decoding=\"async\" class=\"swiper-slide-image\" src=\"https:\/\/centre.iium.edu.my\/cie\/wp-content\/uploads\/sites\/23\/2025\/10\/IMG-20251022-WA0012-1024x521.jpg\" alt=\"IMG-20251022-WA0012\" 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class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d95df85 elementor-widget-divider--view-line_text elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"d95df85\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<span class=\"elementor-divider__text elementor-divider__element\">\n\t\t\t\tSUMMARY\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4383760 elementor-widget elementor-widget-text-editor\" data-id=\"4383760\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-family: 'Times New Roman',serif\">In an inspiring session, Dr. Mohamed Aslam Akbar, Associate Professor of Shari\u2019ah Sciences and Deputy Dean (Postgraduate, Research &amp; Innovation) at the International Islamic University Malaysia, addressed the rising ethical and jurisprudential concerns surrounding the use of Artificial Intelligence (AI) in Islamic financial markets. His talk, titled <i>Shari\u2019ah Compliance Challenges of Using AI<\/i>, explored the intersection of emerging technologies with Islamic legal principles. Dr. Aslam framed the discussion by recognising the growing role of AI and robotics in financial services, including algorithmic trading, automated risk assessment, and customer profiling. He cautioned, however, that the automation of decision-making introduces profound risks, particularly regarding transparency, fairness, and accountability, elements deeply tied to Shari\u2019ah values<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-06ac88b elementor-widget elementor-widget-text-editor\" data-id=\"06ac88b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-family: 'Times New Roman',serif\">The lecture identified key fiqh principles essential for governing AI behaviour: avoiding harm (<i>la darar wa la dirar<\/i>), ensuring accountability (<i>mas\u2019uliyyah<\/i>), upholding contractual clarity (<i>gharar<\/i> avoidance), and preserving human dignity and privacy (<i>hurmah<\/i>). Dr. Aslam also presented real-world examples of AI misuse, warning of its potential to perpetuate discrimination, manipulate financial behaviour, or obscure responsibility, risks that could compromise both Shari\u2019ah compliance and market trust. To address these challenges, he proposed a Shari\u2019ah-Based Cyber Resilience Framework, integrating legal and ethical safeguards within AI development and deployment. He urged Islamic finance institutions to establish proactive technology risk management mechanisms rooted in both classical jurisprudence and contemporary cyber law.<\/span><\/p><p><span style=\"font-size: 15px;letter-spacing: 0.7px;font-family: 'Times New Roman', serif\">The session concluded with a call to action: Islamic financial authorities must engage in <\/span><i style=\"font-weight: inherit;letter-spacing: 0.7px;font-family: 'Times New Roman', serif\">ijtihad<\/i><span style=\"font-size: 15px;letter-spacing: 0.7px;font-family: 'Times New Roman', serif\"> to provide guidance on emerging AI risks, ensuring that innovation aligns with maqasid al-Shari\u2019ah, particularly the protection of wealth (<\/span><i style=\"font-weight: inherit;letter-spacing: 0.7px;font-family: 'Times New Roman', serif\">hifz al-mal<\/i><span style=\"font-size: 15px;letter-spacing: 0.7px;font-family: 'Times New Roman', serif\">), intellect (\u2018<\/span><i style=\"font-weight: inherit;letter-spacing: 0.7px;font-family: 'Times New Roman', serif\">aql<\/i><span style=\"font-size: 15px;letter-spacing: 0.7px;font-family: 'Times New Roman', serif\">), and dignity (\u2018<\/span><i style=\"font-weight: inherit;letter-spacing: 0.7px;font-family: 'Times New Roman', serif\">ird<\/i><span style=\"font-size: 15px;letter-spacing: 0.7px;font-family: 'Times New Roman', serif\">). This session was part of the IAFI\u2019s commitment to exploring cutting-edge challenges in Islamic financial regulation and practice.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>\/*! elementor &#8211; v3.22.0 &#8211; 24-06-2024 *\/ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]&gt;a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px} SHARI\u2019AH COMPLIANCE CHALLENGES OF USING AI IN ISLAMIC FINANCIAL MARKETS 13 October 2025 | Iranian Association of Islamic Finance Webinar Series \/*! elementor &#8211; v3.22.0 &#8211; 24-06-2024 *\/ .elementor-column .elementor-spacer-inner{height:var(&#8211;spacer-size)}.e-con{&#8211;container-widget-width:100%}.e-con-inner&gt;.elementor-widget-spacer,.e-con&gt;.elementor-widget-spacer{width:var(&#8211;container-widget-width,var(&#8211;spacer-size));&#8211;align-self:var(&#8211;container-widget-align-self,initial);&#8211;flex-shrink:0}.e-con-inner&gt;.elementor-widget-spacer&gt;.elementor-widget-container,.e-con&gt;.elementor-widget-spacer&gt;.elementor-widget-container{height:100%;width:100%}.e-con-inner&gt;.elementor-widget-spacer&gt;.elementor-widget-container&gt;.elementor-spacer,.e-con&gt;.elementor-widget-spacer&gt;.elementor-widget-container&gt;.elementor-spacer{height:100%}.e-con-inner&gt;.elementor-widget-spacer&gt;.elementor-widget-container&gt;.elementor-spacer&gt;.elementor-spacer-inner,.e-con&gt;.elementor-widget-spacer&gt;.elementor-widget-container&gt;.elementor-spacer&gt;.elementor-spacer-inner{height:var(&#8211;container-widget-height,var(&#8211;spacer-size))}.e-con-inner&gt;.elementor-widget-spacer.elementor-widget-empty,.e-con&gt;.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner&gt;.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con&gt;.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px} \/*! elementor &#8211; v3.22.0 &#8211; 24-06-2024 *\/ .elementor-widget-image-carousel .swiper,.elementor-widget-image-carousel<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/centre.iium.edu.my\/cie\/shariah-compliance-challenges-of-using-ai-in-islamic-financial-markets\/\" class=\"themebutton\">Read More<\/a><\/p>\n","protected":false},"author":48,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5601","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/pages\/5601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/comments?post=5601"}],"version-history":[{"count":4,"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/pages\/5601\/revisions"}],"predecessor-version":[{"id":5611,"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/pages\/5601\/revisions\/5611"}],"wp:attachment":[{"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/media?parent=5601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}