Dr. Mohammed Mustafa Ahmed Shoaib, Supervisor of the Observatory of Fatwas and Revisions represented the Academy at the 22nd meeting of the Scientific Commission for the Accreditation of the General Council of Islamic Banks and Financial Institutions, via videoconferencing on Thursday 23 of Shawal 1445, corresponding to May 2, 2024.

Dr. Shoaib also participated in the strategic seminar for professional development officers and stakeholders, which was organized remotely by the General Council of Islamic Banks and Financial Institutions on the same day, May 2, 2024, which highlighted the topic of professional development in Islamic finance. It addressed the importance of modern technology – particularly artificial intelligence and software – in training, and the urgent need for Islamic finance workers to make use of this technology and benefit from all areas of modern technology, particularly in training strategies, collection and analysis of various information, due to the many benefits provided by these technologies, including: Saving time, effort and money, with precision, perfection, machine learning, adaptation, prediction and reducing the error rate to the minimum possible, by collecting, processing, analyzing and linking data; thus facilitating research, innovation, the exchange of expertise and knowledge, developing scientific and cognitive skills, and rapidly concluding various results and data, all of which has made artificial intelligence a scientific revolution that will soon change the face of the world we live in. Dr. Shoaib also called for the risks that accompany these technologies to be avoided, and for mechanisms and controls to be put in place to prevent or mitigate them.