20th AAOIFI- IsDB Annual Conference

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), in collaboration with the Islamic Development Bank (IsDB), held the 20th AAOIFI–IsDB Annual Conference on “Islamic Finance in the Era of Artificial Intelligence: Present Potentials and Future Prospects” on 2–3 November 2025 in the Kingdom of Bahrain.
The Union of Arab Securities Authorities (UASA) participated in the event, represented by its Secretary General, Mr. Jalil Tarif

The two-day conference brought together leading scholars, regulators, and professionals to explore how artificial intelligence (AI) is reshaping the Islamic finance industry. Discussions focused on the integration of AI in financial operations, highlighting its role in enhancing efficiency, improving Shari’ah compliance, and expanding financial inclusion. Experts examined how AI can transform risk management, customer interaction, and auditing processes while maintaining transparency and adherence to Islamic principles.

Participants also addressed the ethical and regulatory challenges that accompany AI adoption, emphasizing the importance of ensuring fairness, accountability, and alignment with Maqasid Al-Shari’ah. The event underscored how Islamic finance can play a pivotal role in promoting sustainable and inclusive growth within an AI-driven global economy.
Further deliberations tackled the need to elevate Islamic financial literacy beyond traditional capacity-building programs, stressing the role of technology in broadening access to knowledge and embedding ethical financial awareness across all segments of society. The conference also explored entrepreneurship development through Shari’ah-compliant financing for micro, small, and medium enterprises (MSMEs), as well as the integration of value chains and Islamic capital markets to support innovation and private-sector growth.
In addition, discussions revisited the practical applications of Salam and Istisna contracts, examining their contributions to economic growth, market realities, and accounting challenges related to financial reporting and revenue recognition.