19^th November 2024, Manama, Kingdom of Bahrain | The General Council for Islamic Banks and Financial Institutions (CIBAFI), in collaboration with the University of Bahrain, successfully organised its second public lecture, titled "Navigating the Future: The Role of AI and Fintech in Islamic Finance." The event attracted over 100 participants, reflecting the growing interest in the transformative potential of technology within the Islamic finance sector.

The lecture was presented by Dr Muhammad Bilal, Project Manager at CIBAFI and Mr Rachid Ettaai, Business Development Manager at CIBAFI. The speakers explored how Artificial Intelligence (AI) and Fintech are reshaping the financial industry, introducing innovative opportunities and addressing significant challenges for Islamic banks.

The discussion highlighted how AI and Fintech enhance efficiency, promote financial inclusion, and drive innovation in Islamic finance, while addressing critical issues such as cybersecurity, data privacy, and Shariah compliance. The speakers underscored the importance of adopting these technologies responsibly to ensure that Islamic banks and financial institutions remain resilient, ethical, and sustainable in an ever-evolving financial landscape.

This lecture forms part of CIBAFI’s ongoing efforts to strengthen collaboration between academia and the Islamic finance industry. CIBAFI and the University of Bahrain remain committed to equipping future Islamic finance professionals with the skills and knowledge needed to navigate the sector’s dynamic future.