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  5. 2024 ICIMAC (Extended Abstract)
  6. Islamic Perspectives on Advancing Economy And Trade Through Ai and Industry Revolution 5.0: Towards Enhanced Prosperity
 
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Islamic Perspectives on Advancing Economy And Trade Through Ai and Industry Revolution 5.0: Towards Enhanced Prosperity

Date Issued
2024
Author(s)
Syed Zahiruddin Bin Syed Musa
Abstract
The convergence of Artificial Intelligence (AI), Industry Revolution 5.0 (IR 5.0), and Islamic economics presents a compelling paradigm for reshaping economic systems in alignment with ethical principles and technological advancements. This article investigates their intersecting dynamics and implications for economic development within Islamic economies. Through quantitative findings and thematic discussions, the study explores stakeholders' perceptions, expectations, and concerns regarding the integration of AI and IR 5.0 in trade practices. Key themes include awareness of AI technologies, perceived benefits and risks, readiness for AI integration, policy
preferences, and ethical considerations. The findings underscore AI and IR 5.0's transformative potential to revolutionize trade operations, enhance economic competitiveness, and foster inclusive growth within Islamic economies, emphasizing responsible AI deployment and policy frameworks.
Subjects

AI

IR 5.0

Economy and Trade

Islam

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Islamic Perspectives on Advancing Economy And Trade Through Ai and Industry Revolution 5.0 Towards Enhanced Prosperity.pdf

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