Jeddah: The General Council for Islamic Banks and Financial Institutions (CIBAFI), an affiliate of the Organization of Islamic Cooperation, on Wednesday held the ninth meeting of the Innovation and Technology Working Group with the participation of member countries, bank and financial institution representatives, as well as regulatory bodies and stakeholders. The meeting highlighted upcoming projects, including the Digital Transformation Guide and the Global Islamic Bankers’ Survey 2025, focusing on Islamic finance, as well as other areas such as Islamic banking principles, Sharia law, financial technology, and other related topics.

According to Saudi Press Agency, the CIBAFI meeting included a knowledge sharing session with Pio-Tech, which delivered a special presentation on the role of artificial intelligence in regulatory compliance and financial governance.