Enhancing Islamic banking and finance in Southeast Asia through the application of artificial intelligence: An exploration of banking's best practices

The disruption of innovations in the banking sector continues to indicate a positive trend among bankers and customers. The innovations of technology that stand with speediness and fast track transaction effectively support the spread in using banking system without barriers. Recently, the financial...

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Main Authors: Mohd. Zain, Nor Razinah, Hassan, Rusni, Ismail, Azman
Other Authors: Naifar, Nader
Format: Book Chapter
Language:English
English
Published: IGI Global 2019
Subjects:
Online Access:http://irep.iium.edu.my/79406/
http://irep.iium.edu.my/79406/1/79406_Enhancing%20Islamic%20banking%20and%20finance.pdf
http://irep.iium.edu.my/79406/2/79406_Enhancing%20Islamic%20banking%20and%20finance_SCOPUS.pdf
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author Mohd. Zain, Nor Razinah
Hassan, Rusni
Ismail, Azman
author2 Naifar, Nader
author_facet Naifar, Nader
Mohd. Zain, Nor Razinah
Hassan, Rusni
Ismail, Azman
author_sort Mohd. Zain, Nor Razinah
building IIUM Repository
collection Online Access
description The disruption of innovations in the banking sector continues to indicate a positive trend among bankers and customers. The innovations of technology that stand with speediness and fast track transaction effectively support the spread in using banking system without barriers. Recently, the financial services industry continues to be surprised by the latest technology's innovation that is known as artificial intelligence. By looking into the ecosystem for the future sustainability of Islamic banking and finance in Southeast Asia, Islamic financial services may learn and adopt several best practices of A.I. from global banking practices. With a focus on the Islamic financial services industry in Southeast Asia, an exploration on the readiness of such industry and advantages of artificial intelligence are made. This research depends on the qualitative investigation from documentary materials. The leadership of Islamic banks shows their readiness in accepting artificial intelligence
first_indexed 2025-11-14T17:46:01Z
format Book Chapter
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institution International Islamic University Malaysia
institution_category Local University
language English
English
last_indexed 2025-11-14T17:46:01Z
publishDate 2019
publisher IGI Global
recordtype eprints
repository_type Digital Repository
spelling iium-794062020-06-16T03:00:57Z http://irep.iium.edu.my/79406/ Enhancing Islamic banking and finance in Southeast Asia through the application of artificial intelligence: An exploration of banking's best practices Mohd. Zain, Nor Razinah Hassan, Rusni Ismail, Azman HG3368 Islamic Banking and Finance The disruption of innovations in the banking sector continues to indicate a positive trend among bankers and customers. The innovations of technology that stand with speediness and fast track transaction effectively support the spread in using banking system without barriers. Recently, the financial services industry continues to be surprised by the latest technology's innovation that is known as artificial intelligence. By looking into the ecosystem for the future sustainability of Islamic banking and finance in Southeast Asia, Islamic financial services may learn and adopt several best practices of A.I. from global banking practices. With a focus on the Islamic financial services industry in Southeast Asia, an exploration on the readiness of such industry and advantages of artificial intelligence are made. This research depends on the qualitative investigation from documentary materials. The leadership of Islamic banks shows their readiness in accepting artificial intelligence IGI Global Naifar, Nader 2019 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/79406/1/79406_Enhancing%20Islamic%20banking%20and%20finance.pdf application/pdf en http://irep.iium.edu.my/79406/2/79406_Enhancing%20Islamic%20banking%20and%20finance_SCOPUS.pdf Mohd. Zain, Nor Razinah and Hassan, Rusni and Ismail, Azman (2019) Enhancing Islamic banking and finance in Southeast Asia through the application of artificial intelligence: An exploration of banking's best practices. In: Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability. IGI Global, pp. 36-53. ISBN 978-179980041-5 https://www.igi-global.com/book/impact-financial-technology-fintech-islamic/225847 10.4018/978-1-7998-0039-2.ch003
spellingShingle HG3368 Islamic Banking and Finance
Mohd. Zain, Nor Razinah
Hassan, Rusni
Ismail, Azman
Enhancing Islamic banking and finance in Southeast Asia through the application of artificial intelligence: An exploration of banking's best practices
title Enhancing Islamic banking and finance in Southeast Asia through the application of artificial intelligence: An exploration of banking's best practices
title_full Enhancing Islamic banking and finance in Southeast Asia through the application of artificial intelligence: An exploration of banking's best practices
title_fullStr Enhancing Islamic banking and finance in Southeast Asia through the application of artificial intelligence: An exploration of banking's best practices
title_full_unstemmed Enhancing Islamic banking and finance in Southeast Asia through the application of artificial intelligence: An exploration of banking's best practices
title_short Enhancing Islamic banking and finance in Southeast Asia through the application of artificial intelligence: An exploration of banking's best practices
title_sort enhancing islamic banking and finance in southeast asia through the application of artificial intelligence: an exploration of banking's best practices
topic HG3368 Islamic Banking and Finance
url http://irep.iium.edu.my/79406/
http://irep.iium.edu.my/79406/
http://irep.iium.edu.my/79406/
http://irep.iium.edu.my/79406/1/79406_Enhancing%20Islamic%20banking%20and%20finance.pdf
http://irep.iium.edu.my/79406/2/79406_Enhancing%20Islamic%20banking%20and%20finance_SCOPUS.pdf