🧭 General Objective

Enable participants to understand and design AI-supported Sharia compliance in Islamic financial institutions, focusing on governance, AAOIFI standards, and practical inspection of Murabaha, Ijarah (finance lease), and Tawarruq contracts.

🎯 Learning Outcomes

• Interpret the role of Sharia governance in Islamic banks.

• Explain AAOIFI review mechanisms and testing criteria.

• Analyze how AI can support Sharia audit and compliance.

• Distinguish key Islamic contracts and their Sharia risk areas.

• Discuss AI-enabled detection of non-compliant clauses or transactions.

• Draft a high-level blueprint for an AI-enabled Sharia compliance framework.

🛠️ Skills & Tools

• Conceptual analysis of Islamic finance contracts from an AI perspective.

• Drafting policies for tech-integrated Sharia controls.

• Critical thinking on AI usage and explainability.

• Understanding Sharia risk dimensions and mitigation.

• Methodology: Interactive lectures, case studies, guided simulations, and worksheets.

👥 Target Audience & Prerequisites

• Sharia compliance and audit teams in Islamic banks.

• Internal audit, risk management, and digital transformation units.

• Academics, researchers, and postgraduate students.

Prerequisites:

Basic knowledge of Islamic finance concepts and willingness to engage in discussions and case studies.

📅 Program Schedule

Day 1 – Introduction to Sharia Compliance & Governance

• Program orientation and objectives.

• Sharia governance in Islamic finance and institutional frameworks.

• AAOIFI standards and assurance.

• Case study from a Saudi Islamic bank.

Day 2 – AI for Sharia Supervision

• Fundamentals and categories of AI.

• Applications of AI in financial services.

• Opportunities and challenges for AI in Islamic finance.

• Discussion: Aligning AI technologies with Sharia principles.

Day 3 – Theoretical Framework & Data Foundations

• Components of an AI-enabled compliance system.

• Sharia data sources and management.

• Ethics of AI in Islamic Finance: bias, transparency, accountability, and explainability.

• Governance blueprint for smart Sharia compliance.

Day 4 – Islamic Contracts & Sharia Risk

• Murabaha, Ijarah (finance lease), and Tawarruq: structures and features.

• Sharia risk typologies in each contract.

• AI support for inspecting clauses and detecting anomalies.

Day 5 – Institutional Framework, Vision 2030 & Digital Transformation, Workshop

• Consolidated review of key concepts.

• Institutional framework for AI-enabled Sharia compliance.

• Saudi context: Vision 2030 and FinTech initiatives.

• Hands-on Workshop: Building a high-level blueprint for an AI-enabled Sharia compliance process.

• Recommendations and next steps.

📈 Program Outcomes & Applications

• A comprehensive analytical framework for integrating AI into Sharia compliance systems.

• A conceptual model linking Islamic contracts with intelligent inspection mechanisms.