12 hours ago
CIBAFI Launches GIBS 2025 Report on AI and Data Analytics and the Digital Momentum Guide
The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, successfully held today a webinar titled 'AI and Data Analytics: Revolutionizing Islamic Banking Operations and Services,' marking the soft launch of the tenth edition of the Global Islamic Bankers' Survey (GIBS) 2025 Report.
This edition of the GIBS Report explores the expanding role of artificial intelligence (AI) and data analytics in transforming Islamic banking operations, service delivery, and risk management. It captures insights from 105 executives across 29 countries, providing valuable regional perspectives and industry benchmarks.
The webinar opened with remarks from Dr. Abdelilah Belatik, Secretary General of CIBAFI, who stated: 'Marking the 10th anniversary of the GIBS initiative, this year's findings reflect an industry on the brink of a technological shift. While AI adoption is still early, its strategic value is increasingly recognized. CIBAFI's role is to support this transition through dialogue, research, and capacity building. We hope this milestone report will guide Islamic financial institutions in shaping effective, forward-looking AI strategies.'
Following Dr. Belatik's remarks, Ms. Jenni Denniston, Director of Business Development at Ivey Business School, announced the upcoming Joint Executive Programme with CIBAFI, aimed at equipping executive managers with strategic leadership skills in AI and digital transformation within Islamic banking.
Dr. Muhammad Bilal, Project Manager – Research & Regulatory Affairs, shared insights from the GIBS, such as the growing strategic importance of AI in Islamic banking. He noted that adoption remains limited due to high costs, lack of expertise, and concerns over cybersecurity and credit risks.
The webinar also featured expert insights from distinguished speakers, including Mr. Peter Casey, Consultant; Dr. Ahmed Tahiri Jouti, Founder of NeuronAIze and Managing Partner at Green For South; and Mr. Yasser Rahrovani, Associate Professor, Information Systems, Ivey Business School, who shared practical perspectives on the evolving digital landscape in Islamic finance. The session was moderated by Mr. Rachid Ettaai, Business Development Manager, CIBAFI.
CIBAFI extends its sincere appreciation to its Supporting Partner, DDCAP Group, for their valuable contribution to the successful launch of the GIBS 2025 Report and continued support in promoting innovation in the Islamic financial services industry.
In conjunction with the webinar, CIBAFI also launched the Digital Momentum Guide: Impact on Islamic Banks and Guidelines for Adaptability, which offers practical insights and strategies for Islamic banks to remain agile, innovative, and Shariah-compliant in an evolving digital landscape. To download Digital Momentum: Impact on Islamic Banks and Guidelines for Adaptability, click here.
