Islamic Development Bank Institute’s Sami Al-Suwailem on Balancing Short-Term Wins and Long-Term Impact in Islamic Finance

In this episode of Chief Digital Heroes in Banking, Matthew speaks with Dr. Sami Al-Suwailem, Acting Director General at Islamic Development Bank Institute. Sami explores the transformative potential of digital technologies in Islamic finance. He also shares his insights on integrating blockchain and AI to enhance transparency and trust within the sector. 

Sami discusses the importance of balancing short-term wins with long-term strategic goals and highlights the critical role of social intelligence in developing effective financial solutions. Sami also offers valuable perspectives on driving innovation and impact in Islamic finance.

 

Topics discussed:

• How these technology can enhance transparency, trust, and efficiency in Islamic finance.
• The challenge of achieving immediate wins while ensuring sustainable, long-term strategic impact in financial services.
• Understanding the importance of social intelligence in developing innovative and effective financial solutions.
• An overview of the Islamic Development Bank Institute's role in promoting economic development and social progress in member countries.
• Discussing the unique challenges faced in translating Islamic finance principles into actionable solutions.
• The potential of emerging technologies, such as blockchain and AI, to drive innovation in the financial sector.
• The importance of training programs and intellectual capital in developing the Islamic finance industry.
• Insights into a new algorithm designed to reduce market volatility while protecting investor rights.
• Advice for young professionals on the importance of having multiple specializations to adapt to industry changes.