The 10th Doha Islamic Finance Conference discussed expanding the scope of application of modern technology. Estimates indicate that generative artificial intelligence can add between 200 and 340 billion dollars in value to the banking sector.
The State of Qatar is considered one of the most important pioneering countries in the field of Islamic finance and the adoption of artificial intelligence technologies. Qatar ranks third in the Arab world in the government readiness index for artificial intelligence, and eighth globally in digital legislation and policies. The conference focused on the ability of Islamic financial institutions to benefit from modern technology, and trying to explore the challenges and obstacles that may prevent them.