logo
OIC nations must lead global AI development, says Zambry

OIC nations must lead global AI development, says Zambry

The Star20-05-2025
PUTRAJAYA: The Islamic world must take a proactive approach in shaping the direction of global technology, particularly in the field of artificial intelligence (AI), says Datuk Seri Dr Zambry Abdul Kadir.
The Higher Education Minister said science and technology had long been the foundation of Islamic civilisation and it was now the shared responsibility of the Organisation of Islamic Cooperation (OIC-15) member states to restore this leadership through a holistic, ethical and Islamic value-based approach.
He said this at the Second Ministerial Meeting of the OIC-15 Dialogue Platform held in Teheran, Iran, on May 18 and 19.
According to the ministry's statement, Zambry said Malaysia had proposed seven main pillars for joint consideration within the OIC-15 framework of action.
The proposed pillars include developing a common curriculum covering AI, data ethics and digital humanities; establishing cross-country research and innovation hubs; launching a widespread AI literacy movement among member states; as well as setting up the OIC-15 Digital Solidarity Fund and the OIC Digital Readiness Index.
The other pillars proposed are the formation of the OIC Cybersecurity Consortium; the setting up of the OIC-15 Foresight Unit to shape the future of Islamic technology; and the introduction of a Crisis Innovation Fund to assist communities affected, including Gaza.
Zambry also shared Malaysia's progress in formulating the Malaysian Higher Education Plan (PPTM) 2025-2035, which focuses on AI-based education, lifelong learning and digital talent development.
'The Malaysia Madani concept, which is based on balanced, comprehensive and humane development, is highlighted as a model for the country's digital transformation.
'Malaysia also offers cooperation in the form of scholarships, mobility programmes and AI Fellowships to support talent development with OIC-15 member states,' according to the statement.
The ministry added that Zambry paid a courtesy call on Iranian President Masoud Pezeshkian, alongside ministers and representatives of other OIC member states, Bernama reported.
'In addition, a bilateral meeting was held between Zambry and Iranian Science, Research and Technology Minister Hossein Simayi Saraf to discuss potential cooperation in skilled manpower, science and technology between Malaysia and Iran,' said the ministry.
The meeting, themed 'Innova­tion in Science and Technology through Harnessing Artificial Intelligence: A Strategy for a Brighter Future in the Islamic World', brought together more than 20 representatives from OIC member states to explore AI technology's potential as a driver of shared progress.
The Third Ministerial Meeting of the OIC-15 Dialogue Platform is scheduled to be held in Saudi Arabia.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Alibaba launches open-source AI coder, says it rivals GPT-4 in programming power
Alibaba launches open-source AI coder, says it rivals GPT-4 in programming power

Malay Mail

time2 hours ago

  • Malay Mail

Alibaba launches open-source AI coder, says it rivals GPT-4 in programming power

BEIJING, July 23 — Alibaba Group announced today the launch of Qwen3-Coder, an open-source artificial intelligence model for software development that the Chinese e-commerce giant described as its most advanced coding tool to date. The launch comes amid intensifying competition among Chinese technology companies in the global AI development race, with firms on both sides of the Pacific releasing increasingly sophisticated models. Qwen3-Coder is designed for software development tasks such as code generation and managing complex coding workflows, Alibaba said in a statement. The company positioned the model as particularly strong in 'agentic AI coding tasks' — automated processes where AI systems can work independently on programming challenges. According to performance data released by Alibaba, Qwen3-Coder outperformed domestic competitors, including models from DeepSeek and Moonshot AI's K2 in key coding capabilities. The company also claimed its model matched the performance of leading US models, including Anthropic's Claude and OpenAI's GPT-4 in certain areas. — Reuters

CGS eyes regional growth in Islamic finance, eyes MENA expansion
CGS eyes regional growth in Islamic finance, eyes MENA expansion

New Straits Times

time3 hours ago

  • New Straits Times

CGS eyes regional growth in Islamic finance, eyes MENA expansion

KUALA LUMPUR: CGS International Securities Malaysia Sdn Bhd (CGS MY) is broadening its Islamic finance presence across the region, targeting markets such as Singapore, Indonesia, and eventually the Middle East and North Africa (MENA), with Dubai in its sights. According to head of Shariah services Rushdan Nadzir, navigating regulatory hurdles remains a challenge due to differing interpretations of Islamic finance, particularly in jurisdictions like Saudi Arabia and Indonesia, where structures like Tawarruq face tighter scrutiny. Nonetheless, CGS MY is pushing ahead with its expansion plans, with a strong focus on accelerating its Islamic finance growth in Indonesia. "We see from the movements during the pandemic and post-pandemic as well, and I guess the overall awareness around these Shariah products is needed. We want to provide access to ethical, high-yield investments that are scalable and rooted in compliance. Whether you are investing RM10 or RM100,000, there should be no trade-off between faith, function, and return," said Rushdan. CGS MY recently launched its first Islamic structured investment products—the Islamic equity-linked investment notes (Elin-i) and Islamic autocallable equity structured investment notes (Aesin-i)—designed for high-net-worth and institutional investors. Rushdan said the launch marked a strategic milestone in positioning Malaysia as a regional hub for Islamic financial innovation. "These structured products are a high-risk, high-return investment, with indicative returns ranging from potentially 8 to 15 per cent per annum. "As outlined in Bank Negara Malaysia's Financial Sector Blueprint 2022 to 2026, the launch supports CGS's position as a leading Islamic finance hub in Asean," he said, adding that these high-risk, high-return products offer potential annual returns of 8–15 per cent. Rushdan said that Malaysia's Islamic capital market is now valued at over RM2.6 trillion, accounting for 63 per cent of the total capital market, while the country also holds 36 per cent of the global sukuk market share as of end-2024. The firm noted that Shariah-compliant stocks have historically outperformed, particularly in Malaysia. "Although Shariah-compliant assets currently account for roughly 20 per cent of CGS MY's business, the segment is expanding rapidly. "CGS's Islamic share margin financing grew from zero to over RM100 million in just two years, and demand is also growing in futures, equity trading, and Islamic wealth management," he said. According to him, institutional clients, particularly fund managers with Islamic mandates, are increasingly conducting trades through Shariah-compliant brokers.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store