Chapter 10. Financial applications of artificial intelligence: Shariah issues and maqasid considerations
The chapter addresses various Shariah issues related to the financial applications of artificial intelligence (AI), which have entered an advanced stage following their widespread acceptance and increasing complexity. The chapter begins with an introduction that clarifies the concept of AI, explaini...
| Main Author: | |
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| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Interlibrary Loan: | Interlibrary Loan for the Fachinformationsdienste (Specialized Information Services in Germany) |
| Published: |
2024
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| In: |
Islamic finance in the digital age
Year: 2024, Pages: 165-189 |
| Further subjects: | B
Financial technology
B Electronic contracts B Maqasid al-Shariah B Artificial Intelligence B Cryptocurrency B Fintech, Smart contracts |
| Online Access: |
Volltext (lizenzpflichtig) |
| Summary: | The chapter addresses various Shariah issues related to the financial applications of artificial intelligence (AI), which have entered an advanced stage following their widespread acceptance and increasing complexity. The chapter begins with an introduction that clarifies the concept of AI, explaining its levels and challenges. It approaches the discussion topics from both Fiqh and Maqasid perspectives, i.e., from a Shariah macroeconomic perspective that considers the implications and overall benefits or harms of these applications. However, the issues related to Fiqh and Maqasid considerations extend beyond what this chapter covers. There are additional concerns that require attention, especially given the unceasing development and updates of these applications. This necessitates continuous follow-up to evaluate and assess new applications from a Shariah perspective. |
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| ISBN: | 9781035322954 |
| Contains: | Enthalten in: Islamic finance in the digital age
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| Persistent identifiers: | DOI: 10.4337/9781035322954.00020 |
