From 500 million new borrowers to 30% lower defaults: inside the AI revolution that is banking the unbanked AI‑powered microfinance platforms extend credit to previously unbanked individuals using alternative data—mobile phone usage, utility payments, psychometric tests—reducing default rates by 30% (Tala) and expanding access to 500 million new borrowers (World[Read More…]
Month: June 2026
AI in Islamic Finance: Sharia-Compliant Intelligence for the Modern Muslim Economy
From automated contract screening to zakat optimization: inside the $4.5 trillion AI transformation of Islamic finance AI systems in Islamic finance reduce Sharia audit time by 70% (Bank Islam Malaysia), detect riba (interest) and gharar (excessive uncertainty) in contracts with 94% accuracy (Emirates Islamic), and optimize zakat calculations for complex[Read More…]
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