TLDR: Bahrain Islamic Bank (BisB) has introduced ‘Al Murshid,’ an innovative AI-powered Shari’a platform, marking a first for Bahrain. This pioneering initiative earned BisB the ‘Best AI Initiative’ award at The Digital Banker Global Islamic Finance Awards 2025, highlighting its commitment to integrating artificial intelligence with Islamic finance principles.
Manama, Bahrain – Bahrain Islamic Bank (BisB), a leading provider of innovative Islamic financial solutions in the Kingdom, has officially launched ‘Al Murshid,’ a groundbreaking AI-powered Shari’a Platform. This platform is the first of its kind in Bahrain, designed to simplify and democratize access to Shari’a knowledge for individuals and institutions alike.
The announcement was made during BisB’s participation as a Golden Sponsor at the 20th AAOIFI-IsDB Annual Islamic Banking and Finance Conference, held from November 2–3, 2025, at the Crowne Plaza Manama. The conference, themed ‘Islamic Finance in the Era of Artificial Intelligence: Present Potentials and Future Prospects,’ brought together prominent industry leaders and regulators to explore AI’s transformative potential within the Islamic finance ecosystem.
‘Al Murshid’ leverages an intelligent system that draws from an extensive repository of over 2,000 Fatwas and resolutions issued by BisB’s Shari’a Supervisory Board since 1979. It also incorporates AAOIFI standards, approved publications, and authoritative jurisprudential references. The platform provides instant, AI-powered advisory responses on Islamic financial rulings and contract structures, offering a seamless and integrated digital experience.
In recognition of this pioneering initiative, BisB was honored with the ‘Best AI Initiative’ award at The Digital Banker Global Islamic Finance Awards 2025. Ms. Fatema AlAlawi, Chief Executive Officer of BisB, commented on the achievement, stating, “We are honored to receive this global recognition alongside our participation at AAOIFI’s 20th Annual Conference, marking a milestone that reflects our unwavering commitment to purposeful innovation anchored in Islamic values. Al-Murshid represents a transformative step in advancing transparency, facilitating access to Shari’a knowledge, and harnessing technology to support sustainable economic growth.”
Also Read:
- Gulf Bank Launches Fourth Annual Datathon Competition, Featuring Generative AI Track
- Vodafone Qatar Honored with Three Top Accolades at 11th ME Enterprise AI & Analytics Summit
Mr. Naser AlAwadhi, Head of Digital Banking at BisB, contributed to a panel discussion during the conference titled ‘Integrating AI in Islamic Finance Operations and Services.’ The session delved into AI’s role in enhancing Shari’a compliance, operational efficiency, and customer engagement, while also promoting financial inclusion. Discussions also covered the ethical and governance challenges associated with AI adoption and ensuring its alignment with Islamic principles for responsible innovation.
