The Islamic Development Bank Institute (IsDBI) will host its inaugural Artificial Intelligence (AI) Hackathon, focused on Islamic finance, from May 8 to 10, 2025.
The event aims to bring together professionals and enthusiasts in AI, computer science, and finance to develop AI-driven solutions that facilitate the application of Financial Accounting Standards (FAS) issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
Participants will work in teams to create AI tools to enhance standardisation, improve compliance, and support decision-making processes within the Islamic finance sector. Submissions will be evaluated by a panel of experts based on criteria such as accuracy, adherence to Islamic finance standards, innovation, AI performance, and user-friendliness. The top three teams will receive cash prizes: $10,000 for first place, $7,000 for second, and $4,000 for third.
