The fatwa lag: How AI is overtaking the system designed to govern Islamic finance

A sharia bank in Jakarta asked me last quarter whether their new credit scoring model needed Sharia Supervisory Board review. They had deployed it three months earlier, trained on five years of their own portfolio data, and were preparing to roll it out across their consumer financing book. The risk committee was satisfied. Nobody had […] The post The fatwa lag: How AI is overtaking the system designed to govern Islamic finance appeared first on e27 .