Category: Fintech

Opening remarks delivered by Dr. Mohammed Simsim, Director General of Corporate Services, Islamic Development Bank (IsDB), during an open dialogue on Artificial Intelligence Awareness and Literacy at IsDB Group, held on 7 July 2026. The remarks were revised to keep the relevant statistics up to date. Thank you for joining us today for this AI Awareness …

Money is at the heart of any financial system. It is the “joints” that link markets across space and time. As long as money performs its functions, markets tend to allocate resources efficiently and allow participants to be more productive and therefore more prosperous. As money is a prerequisite for the normal functioning of markets, …

Blockchain technology is famously considered a “trust machine”. It is a machine (a set of code and procedures) that will make transactions reliable without the need to trust any particular person. In other words, the blockchain replaces trust of persons with trust of computational systems. But there is a little problem. What makes the machine …