Modeling Islamic finance knowledge for contract compliance in Islamic banking

Aziza Mamadolimova, Norbaitiah Ambiah, Dickson Lukose

Research output: Chapter in Book/Report/Conference proceedingConference PaperResearchpeer-review

1 Citation (Scopus)

Abstract

Online access to an evolving Islamic finance knowledge repository is crucial to all the stake holders in the Islamic finance domain, including Information Systems that utilize this knowledge for compliance verification and other type of risk management activities. This paper attempts to describe what knowledge of Islamic finance need to be modeled, and how they are modeled using the vocabulary and standards endorsed by the World Wide Web Consortium (W3C). Special attention is focused on the modeling of Islamic Finance compliance heuristics. Competing rule formalisms are considered for this purpose, and this paper reports on the strengths and weakness of each of these formalisms.

Original languageEnglish
Title of host publicationKnowledge-Based and Intelligent Information and Engineering Systems - 15th International Conference, KES 2011, Proceedings
Pages346-355
Number of pages10
EditionPART 3
DOIs
Publication statusPublished - 2011
Externally publishedYes
EventInternational Conference on Knowledge-Based and Intelligent Information and Engineering Systems 2011 - Kaiserslautern, Germany
Duration: 12 Sep 201114 Sep 2011

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
NumberPART 3
Volume6883 LNAI
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

ConferenceInternational Conference on Knowledge-Based and Intelligent Information and Engineering Systems 2011
Abbreviated titleKES 2011
CountryGermany
CityKaiserslautern
Period12/09/1114/09/11

Keywords

  • Compliance
  • Islamic Banking
  • Islamic Finance
  • JenaRules
  • Knowledge Base Systems
  • Ontology
  • OWL
  • RDF
  • RDFS
  • SPIN
  • SWRL

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