Raqami Islamic Digital Bank Limited (RIDBL) has announced a strategic partnership with Risk Associates, a leading accredited management systems certification body, to achieve ISO/IEC 27001:2022 compliance. According to Industry sources, this certification displays Raqami Bank’s commitment to maintaining the highest standards of information security in line with international benchmarks.
The signing ceremony took place at Raqami Bank’s headquarters in Karachi, where Kashif Hassan, Managing Director, Risk Associates, and Umair Aijaz, CEO, of Raqami Islamic Digital Bank Ltd (RIDBL), formalized the partnership.
Umair Aijaz, CEO, of Raqami Islamic Digital Bank Ltd, commented on the partnership, “At Raqami Bank, we are committed to safeguarding our clients’ data with the highest standards of security. Our collaboration with Risk Associates to achieve ISO/IEC 27001:2022 compliance is a testament to this commitment. This certification will further enhance our ability to deliver secure and Shariah-compliant digital banking services to our valued customers.”
Syed Alay Raza, Group Head / CISO, Raqami Islamic Digital Bank Ltd., added, “Implementing ISO/IEC 27001:2022 is a significant step forward to establishing an information security management framework. It will not only align us with global best practices but also strengthen our overall security posture against the ever-growing threats in the cyber world.”
Benefits of ISO/IEC 27001:2022 Compliance for Raqami Bank:
- Regulatory Compliance: Align with the stringent information security requirements set forth by the State Bank of Pakistan (SBP) and other regulatory bodies.
- Enhanced Cybersecurity: Strengthen the bank’s defenses against cyber threats by improving its organizational information security structure.
- Increased Trust: Minimize human errors and build higher levels of trust among clients and stakeholders by demonstrating effective security practices.
- Security Awareness: Elevate the security consciousness among employees and clients, fostering a culture of security within the bank.
Industry sources added that the acquisition of these services is a core component of Raqami Bank’s broader information security strategy. As a digital bank with a mission to pioneer customer-centric, Shariah-compliant banking in Pakistan, Raqami Bank recognizes the vitality of complying with globally recognized standards such as ISO/IEC 27001.
