Commerce and Industry Minister to open 11th Doha Islamic Finance Conference on Tuesday
Qatar’s Minister of Commerce and Industry HE Sheikh Faisal bin Thani bin Faisal Al Thani will inaugurate the 11th Doha Islamic Finance Conference on Tuesday, April 8, under the theme ‘Integration of Blockchain and AI: The Future of Islamic Finance.’
The conference, being held under the patronage of Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, 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 expected to drive significant advancements in the Islamic finance industry in Qatar and beyond.
The conference is organized by Bait Al Mashura Finance Consultations, the conference is supported by the official sponsorship of the Ministry of Commerce and Industry (MoCI), the strategic partnership of Dukhan Bank, the diamond sponsorship of General Directorate of Endowments at the Ministry of Endowments and Islamic Affairs, and the bronze sponsorship of Qatar Financial Centre (QFC).
“The 11th Doha Islamic Finance Conference will play 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, fuelled by an increasing demand for its diverse financial services and products,” said Chairman of the Organizing Committee and Vice Chairman of Bait Al Mashura Finance Consultations, Prof Dr Khalid bin Ibrahim Al Sulaiti.
“Through this 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 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 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,” he added.
Talal Ahmed Al Khaja, Group Chief Communications Officer at Dukhan Bank, underscored the institution’s commitment to fostering innovation in Islamic finance, FinTech, and AI through its strategic partnership with the Doha Islamic Finance Conference.
“Dukhan Bank’s support and sponsorship of the conference align with our corporate social responsibility strategy and unwavering commitment to advancing Islamic finance, facilitating knowledge exchange, promoting thought leadership, and reinforcing Qatar’s leadership in the Islamic financial industry. Dukhan Bank also remain focused on anticipating and adapting to future trends,” he said.
Eng Hassan Abdullah Al Marzouqi, Director-General of the General Directorate of Endowments at Awqaf, the conference's Diamond Sponsor, said they were committed to fostering knowledge exchange and exploring the transformative potential of decentralized AI solutions.
He highlighted the pivotal role of AI-driven innovations in developing Islamic financial products, particularly endowments (Awqaf), which serve as a cornerstone of the conference’s agenda.
The conference will explore topics like decentralized AI and deriving Shari’ah rules, the legal framework for embracing the integration of blockchain and AI by Islamic banks, the applications for integrating blockchain and AI by Islamic banks, the role of decentralized AI in enhancing the efficiency of Islamic banks, among others.
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