11th Doha Islamic Finance Conference to Kick Off Tuesday

Doha, April 06 (QNA) - The 11th Doha Islamic Finance Conference will commence on Tuesday, under the theme "Integration of Blockchain and AI: The Future of Islamic Finance."

The event will bring together a distinguished lineup of government entities, global organizations, and leading financial and academic institutions specializing in finance, economics, and technology. With high-level discussions and expert insights, the conference is poised to drive significant advancements in the Islamic finance industry in Qatar and beyond.

Commenting on this, Chairman of the Organizing Committee and Vice Chairman of Bait Al-Mashura Finance Consultations, Prof. Dr. Khalid bin Ibrahim Al Sulaiti, said: "The 11th Doha Islamic Finance Conference plays a pivotal role in reinforcing Qatar’s leadership in Islamic finance. With projections indicating a sustained acceleration in the growth of Islamic finance, the market share in Qatar is expanding, fueled by an increasing demand for its diverse financial services and products."

Al Sulaiti added: "Through this 11th conference, we aim to anticipate the future of Islamic finance in light of the integration of blockchain and AI by analyzing the future prospects of this technological synergy. This includes examining Shariah rulings and regulatory challenges in a rapidly evolving digital environment and fostering innovation and creativity by adopting decentralized AI-based solutions to develop Islamic financial products, particularly endowments (awqaf).

The Chairman of the Organizing Committee and Vice Chairman of Bait Al-Mashura Finance Consultations continued, saying: "The conference uniquely addresses complex topics, such as the investment opportunities for Islamic financial institutions in the gaming and e-sports sectors and explores experiences and initiatives of decentralized Islamic finance platforms built on values that enhance security and privacy. It aims to identify the Shariah and legal frameworks for incorporating AI and blockchain in Islamic finance, support and protect the management of endowments (Awqaf) using decentralized AI, and unlock investment and innovation opportunities in Shariah-compliant decentralized digital gaming. Additionally, it seeks to develop decentralized Islamic finance platforms that ensure security, privacy, and augment value chains."

In turn, Director-General of the General Directorate of Endowments at the Ministry of Endowments and Islamic Affairs, Eng. Hassan Abdullah Al Marzouqi, said that Conference has, over the years, cemented its status as a prestigious and influential platform, playing a pivotal role in the advancement of Islamic finance institutions. By proactively identifying challenges and uncovering new opportunities, the Conference has significantly contributed to positioning Qatar as a global leader in Islamic finance and endowment (waqf). He highlighted the event’s role in enhancing Qatar’s competitive edge by fostering dynamic dialogue among industry experts, researchers, and decision-makers, while also harnessing cutting-edge technologies to develop forward-thinking solutions that drive the sustainability and resilience of the endowment sector.

With a strategic emphasis on innovation, collaboration, and sustainability, Al Marzouqi added, the Conference serves as a key driver of progress, facilitating high-impact discussions that propel the development of endowment solutions powered by smart technologies. (QNA)