Version 1
: Received: 27 November 2022 / Approved: 30 November 2022 / Online: 30 November 2022 (02:41:07 CET)
Version 2
: Received: 6 December 2022 / Approved: 6 December 2022 / Online: 6 December 2022 (06:43:09 CET)
How to cite:
Tayachi, T.; Brahimi, T.; Essafi, Y.; Ben Abdallah, R. Artificial Intelligence in the Islamic Finance: A bibliometric Analysis. Preprints2022, 2022110554. https://doi.org/10.20944/preprints202211.0554.v1
Tayachi, T.; Brahimi, T.; Essafi, Y.; Ben Abdallah, R. Artificial Intelligence in the Islamic Finance: A bibliometric Analysis. Preprints 2022, 2022110554. https://doi.org/10.20944/preprints202211.0554.v1
Tayachi, T.; Brahimi, T.; Essafi, Y.; Ben Abdallah, R. Artificial Intelligence in the Islamic Finance: A bibliometric Analysis. Preprints2022, 2022110554. https://doi.org/10.20944/preprints202211.0554.v1
APA Style
Tayachi, T., Brahimi, T., Essafi, Y., & Ben Abdallah, R. (2022). Artificial Intelligence in the Islamic Finance: A bibliometric Analysis. Preprints. https://doi.org/10.20944/preprints202211.0554.v1
Chicago/Turabian Style
Tayachi, T., Yasmine Essafi and Rabeb Ben Abdallah. 2022 "Artificial Intelligence in the Islamic Finance: A bibliometric Analysis" Preprints. https://doi.org/10.20944/preprints202211.0554.v1
Abstract
The paper demonstrates the future of artificial intelligence in the Islamic Banks of Saudi Arabia which introduces with the meaning of artificial intelligence and the benefits which AI may bring with itself in the future. Further, how banks differ in their use of AI from the banks that do not use AI or use original intelligence (Artificial Neural Network) and the acknowledgement of 4 purely Islamic banks in KSA. The literature has analyzed the pros of AI in the Islamic banks taking into consideration machine learning, natural language processing, text mining through neural network of deep learning, algorithmic trading and robotics. It has further analyzed AI’s limitations with regards to its costs, technological unemployment, lack of human creativity and its accountability and regulation. Lastly, the literature has stated AI from the sharia’a point of view. In order to test hypothesis concerning future studies, it was important to collect data using purely Islamic banks. Upon various interpretations concerning AI’s accountability and its impact on sharia’a board, robot’s impact in the long run, AI’s ethics and its uses which people have already encountered and the time period for which AI may imitate human learning in the future- we find that generation Z and millennials are very influenced by AI and have positive views about its scope in the future. However, it is important to note that research limitations include no access to banking authorities due to the recovery after the pandemic of COVID-19 besides.
Keywords
Islamic Banks; Financial technology; Artificial Intelligence,; Murabaha; Musharaka; Zakat; Qardh Al Hasan
Subject
Business, Economics and Management, Finance
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
