Source: BebasNews

Industry leaders and experts in Malaysia are urging for responsible and ethical adoption of artificial intelligence (AI) in the Islamic finance sector. While acknowledging the potential of AI to increase efficiency, transparency, and customer service in financial operations, they emphasize the importance of aligning AI applications with Shariah principles and ethical values.

Concerns were raised about the need to safeguard data privacy, prevent algorithmic bias, and ensure that technology does not undermine trust in Islamic banking. Speakers highlight that AI must serve as a tool that empowers the industry, not a substitute for human judgment and accountability, especially given the unique requirements of Shariah-compliant products and services.

The article calls for proactive industry engagement, robust regulatory frameworks, and continuous dialogue among financial institutions, scholars, and technology providers. Ensuring that AI remains an enabler for good—rather than a risk to integrity or faith—was presented as crucial for the sustainable digital transformation of Malaysia’s Islamic finance industry.