Enhancing Islamic banking and finance in South East Asia through the application of artificial intelligence – an exploration of banking’s best practices

The disruption of innovations through technology in the banking and finance sectors continues to indicate positive trend among bankers, practitioners, and customers at large. Advantageous with speediness and fast track transaction, the innovations of technology support the spread in using banking an...

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Main Authors:	Mohd. Zain, Nor Razinah, Wong, Azman, Hassan, Rusni
Format:	Conference or Workshop Item
Language:	English
Published:	2018
Subjects:	H Social Sciences (General) HG3368 Islamic Banking and Finance K Law (General) T Technology (General)
Online Access:	http://irep.iium.edu.my/72860/ http://irep.iium.edu.my/72860/1/72860%20-%20Enhancing%20Islamic%20Banking%20and%20Finance%20in%20South%20East%20Asia%20through.pdf

id	iium-72860
recordtype	eprints
spelling	iium-728602020-01-20T05:38:35Z http://irep.iium.edu.my/72860/ Enhancing Islamic banking and finance in South East Asia through the application of artificial intelligence – an exploration of banking’s best practices Mohd. Zain, Nor Razinah Wong, Azman Hassan, Rusni H Social Sciences (General) HG3368 Islamic Banking and Finance K Law (General) T Technology (General) The disruption of innovations through technology in the banking and finance sectors continues to indicate positive trend among bankers, practitioners, and customers at large. Advantageous with speediness and fast track transaction, the innovations of technology support the spread in using banking and finance system without barriers of time and space. Recently, the banking and finance industry continues to be surprised with the latest technology’s innovation that is known as artificial intelligence or can be simple known as A.I. By looking into the ecosystem for future sustainability of Islamic banking and finance in South East Asia, the Islamic banking and finance may learn and adopt several best practices of A.I. from global banking practices. An exploration of the advantages of A.I. and readiness of the Islamic banking and finance industry in South East Asia must be looked into without fail. This research will also look into the attitudes of Islamic banks’ leadership in South East Asia in accepting A.I. Depending on secondary data collected by previous studies, this research depends on qualitative investigation from documentary materials from Islamic and conventional banking and finance industry. As identified, A.I. stands with several advantages to the Islamic and finance industry in South East Asia. Even though, the leaderships of Islamic banks show their readiness towards accepting the technology’s innovation or A.I., they are still tied down to the regulatory requirements, readiness of their employees, acceptance of their shareholders, and awareness of their customers. HSBC seems to be at the front sit in implementing technology’s innovation of A.I. 2018-11-15 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/72860/1/72860%20-%20Enhancing%20Islamic%20Banking%20and%20Finance%20in%20South%20East%20Asia%20through.pdf Mohd. Zain, Nor Razinah and Wong, Azman and Hassan, Rusni (2018) Enhancing Islamic banking and finance in South East Asia through the application of artificial intelligence – an exploration of banking’s best practices. In: 6th ASEAN Universities International Conference on Islamic Finance, 14th & 15th November 2018, Makati, Philipines. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HG3368 Islamic Banking and Finance K Law (General) T Technology (General)
spellingShingle	H Social Sciences (General) HG3368 Islamic Banking and Finance K Law (General) T Technology (General) Mohd. Zain, Nor Razinah Wong, Azman Hassan, Rusni Enhancing Islamic banking and finance in South East Asia through the application of artificial intelligence – an exploration of banking’s best practices
description	The disruption of innovations through technology in the banking and finance sectors continues to indicate positive trend among bankers, practitioners, and customers at large. Advantageous with speediness and fast track transaction, the innovations of technology support the spread in using banking and finance system without barriers of time and space. Recently, the banking and finance industry continues to be surprised with the latest technology’s innovation that is known as artificial intelligence or can be simple known as A.I. By looking into the ecosystem for future sustainability of Islamic banking and finance in South East Asia, the Islamic banking and finance may learn and adopt several best practices of A.I. from global banking practices. An exploration of the advantages of A.I. and readiness of the Islamic banking and finance industry in South East Asia must be looked into without fail. This research will also look into the attitudes of Islamic banks’ leadership in South East Asia in accepting A.I. Depending on secondary data collected by previous studies, this research depends on qualitative investigation from documentary materials from Islamic and conventional banking and finance industry. As identified, A.I. stands with several advantages to the Islamic and finance industry in South East Asia. Even though, the leaderships of Islamic banks show their readiness towards accepting the technology’s innovation or A.I., they are still tied down to the regulatory requirements, readiness of their employees, acceptance of their shareholders, and awareness of their customers. HSBC seems to be at the front sit in implementing technology’s innovation of A.I.
format	Conference or Workshop Item
author	Mohd. Zain, Nor Razinah Wong, Azman Hassan, Rusni
author_facet	Mohd. Zain, Nor Razinah Wong, Azman Hassan, Rusni
author_sort	Mohd. Zain, Nor Razinah
title	Enhancing Islamic banking and finance in South East Asia through the application of artificial intelligence – an exploration of banking’s best practices
title_short	Enhancing Islamic banking and finance in South East Asia through the application of artificial intelligence – an exploration of banking’s best practices
title_full	Enhancing Islamic banking and finance in South East Asia through the application of artificial intelligence – an exploration of banking’s best practices
title_fullStr	Enhancing Islamic banking and finance in South East Asia through the application of artificial intelligence – an exploration of banking’s best practices
title_full_unstemmed	Enhancing Islamic banking and finance in South East Asia through the application of artificial intelligence – an exploration of banking’s best practices
title_sort	enhancing islamic banking and finance in south east asia through the application of artificial intelligence – an exploration of banking’s best practices
publishDate	2018
url	http://irep.iium.edu.my/72860/ http://irep.iium.edu.my/72860/1/72860%20-%20Enhancing%20Islamic%20Banking%20and%20Finance%20in%20South%20East%20Asia%20through.pdf
first_indexed	2023-09-18T21:43:18Z
last_indexed	2023-09-18T21:43:18Z
_version_	1777413284075405312

Enhancing Islamic banking and finance in South East Asia through the application of artificial intelligence – an exploration of banking’s best practices

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