Artificial Intelligence and the Objectives of Shariah in Islamic Finance: a Maqasid-based Framework for Smart Applications in Islamic Banking

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The integration of artificial intelligence (AI) in Islamic finance presents both unprecedented opportunities and unique challenges that must be carefully evaluated through the lens of maqasid al-shariah (objectives of Islamic law). This article examines how AI applications can be aligned with the five fundamental objectives of Shariah: preservation of religion (din), life (nafs), intellect (aql), lineage (nasl), and wealth (mal)–to create a comprehensive framework for implementing innovative technologies in Islamic banking. Drawing on the Islamic Financial Services Board’s (IFSB) global data and contemporary research, this study proposes practical guidelines for ensuring that AI development remains consistent with Islamic ethical principles while enhancing operational efficiency, transparency, and financial inclusion. The findings suggest that successful AI integration requires robust governance frameworks that balance technological innovation with religious compliance, ultimately serving the broader objectives of justice, transparency, and social welfare inherent in Islamic finance.

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