IEvD Hosts Insightful Knowledge Session on Islamic Finance Artificial Intelligence Assistant (IFAA)

Jeddah, KSA, 19 August — Dr. Hilal Houssain, Associate Manager of Knowledge Solutions and Br. Mohamad Naamani, Senior Knowledge for Development Specialist at the IsDB Institute (IsDBI), conducted an insightful Brown Bag Knowledge Session on the Islamic Finance Artificial Intelligence Assistant (IFAA). The session, organized by the Independent Evaluation Department (IEvD), brought together 18 participants from various departments, eager to learn about this cutting-edge project. Dr. Houssain and Br. Naamani provided an overview of IFAA, an AI-powered chatbot trained on peer-reviewed publications related to Islamic finance. They highlighted the benefits of the platform in generating tailored content for knowledge seekers, as well as the challenges faced during the development phase, particularly the need to fine-tune the bot's answers. This was addressed by involving subject matter experts in Islamic finance to review and refine the bot's responses to ensure accuracy and reliability. The session provided an opportunity to gain insight into the various types of Large Language Models (LLMs) and explore their potential applications across the Islamic Development Bank. Participants engaged actively, asking pertinent questions about the future opportunities IFAA and similar chatbots present. They also considered how such innovative tools could be used to streamline their own work, enhance efficiency, and foster learning.
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