Automating the Set-Aside earnings for SMEs financing using AI technology: A Qard al-Hasan fintech solution for Yemeni Islamic Banks

• Main Authors: Adam Sa'ad, Auwal, Abdallah, Almellah
• Format: Conference or Workshop Item
• Language: English; English
• Published: 2021
• Subjects: BPH Islamic Economics
• Online Access: http://irep.iium.edu.my/89530/1/89530_Automating%20the%20Set-Aside%20earnings%20for%20SMEs%20financing%20using%20AI%20technology.pptx; http://irep.iium.edu.my/89530/2/89530_Automating%20the%20Set-Aside%20earnings%20for%20SMEs%20financing%20using%20AI%20technology.pdf; http://irep.iium.edu.my/89530/

The source is called the Set-aside earning which means a unique income that comes unwantedly into the balance sheet of an Islamic banks, the earning could be resulted from the profits gained as a result of the Islamic banks dealing with conventional or interest-bearing banks or earning that comes as a result of a sanctioned Islamic banking product or any other earning that was sanctioned by the Shari’ah committee of an Islamic bank. The Shariah model used for this initiative is Qard al-Hasan financing model. Qard al-Hasan means “a transfer of ownership of a fungible asset from a lender to a borrower in exchange for a payment of the original amount payable in the future” (ISRA, 2016).