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The fatwa lag: How AI is overtaking the system designed to govern Islamic finance

Issue No. 015 · July 20, 2026

The Drop

The fatwa lag: How AI is overtaking the system designed to govern Islamic finance

A sharia bank in Jakarta asked me last quarter whether their new credit scoring model needed Sharia Supervisory Board review. They had deployed it three months earlier, trained on five years of their own portfolio data, and were preparing to roll it out across their consumer financing book. The risk committee was satisfied. Nobody had […] The...

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Agentic Frontier

Funding Tracker

CMBI, SMBC back Whale’s US$40M Series C extension for enterprise AI expansion
[Source: e27.co]

Launches

WBBA convenes Asia-Pacific’s first Broadband Development Summit in Bangkok, launches AI-Net Certification
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Say hi to "Siri AI"—Apple announces new, more "conversational" voice assistant
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The Gulf has billions to spend on AI. It still needs Nvidia
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Regulators, standards bodies and leading operators met in Bangkok on 14 July for the region’s inaugural summit, where the World Broadband Association set out a shared agenda for network infrastructure in the AI era and named XLSmart its first AI-Net Champion. Government officials, international stan...

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