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Why AI matters for Shariah-compliant systems Artificial intelligence is no longer a concept confined to research labs. It is shaping the way people shop, travel, communicate, and receive healthcare. Finance is part of this transformation, though most institutions still treat AI as an efficiency tool. In Islamic finance, the opportunity is far greater. AI has the potential to become the foundation of trust, transparency, and scale, addressing the precise needs of Shariah-compl

1. Overview Banking apps have always been customer-driven innovations. They didn’t appear because banks were eager to experiment with technology, but because customers demanded new ways to manage money in their increasingly digital lives. The first generation of digital banking began in the late 1990s and early 2000s, when online banking portals emerged. Customers could check balances, transfer money, and pay bills without visiting a branch. These services answered one of the

For two decades, APIs have been the backbone of digital transformation in financial services. They allowed banks to connect systems, open up to partners, and power the explosion of fintech innovation. But as the industry matures and the complexity of financial ecosystems increases, the cracks in the API model are becoming difficult to ignore. The Model Context Protocol (MCP) is now emerging as a successor. This framework designed to provide the same openness and flexibility,

In banking, growth has often meant adding more. More products. More features. More apps. Over time, this “more” has created an invisible cost. A business customer might have one app, a child another and a wealth client has it's own interface. Behind the scenes, banks are running multiple development teams, parallel infrastructure, and separate roadmaps. Each app feels like progress, but collectively they drain resources. The irony is that while banks are spending more to main