Karachi, September 4, 2024 – Raqami Islamic Digital Bank Limited (RIDBL) has taken a significant step in its commitment to information security by entering into a strategic partnership with Risk Associates, a leading accredited management systems certification body. This collaboration is aimed at achieving ISO/IEC 27001:2022 compliance, further underscoring Raqami Bank’s dedication to maintaining the highest standards of information security in line with international benchmarks.
The signing ceremony, held at Raqami Bank’s headquarters in Karachi, marked the formalization of this partnership. Kashif Hassan, Managing Director of Risk Associates, and Umair Aijaz, CEO of Raqami Islamic Digital Bank Ltd., signed the agreement.
Commenting on the partnership, Umair Aijaz, CEO of Raqami Islamic Digital Bank Ltd., stated, “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 and Chief Information Security Officer (CISO) of Raqami Islamic Digital Bank Ltd., highlighted the strategic importance of the certification, saying, “Implementing ISO/IEC 27001:2022 is a significant step forward in 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.”
Achieving ISO/IEC 27001:2022 compliance is a crucial component of Raqami Bank’s broader information security strategy. As a digital bank committed to pioneering customer-centric, Shariah-compliant banking in Pakistan, Raqami Bank recognizes the importance of adhering to internationally recognized standards. The benefits of this certification for Raqami Bank include:
- Regulatory Compliance: Aligning with the stringent information security requirements set forth by the State Bank of Pakistan (SBP) and other regulatory bodies.
- Enhanced Cybersecurity: Strengthening the bank’s defenses against cyber threats by improving its organizational information security structure.
- Increased Trust: Minimizing human errors and building higher levels of trust among clients and stakeholders by demonstrating effective security practices.
- Security Awareness: Elevating the security consciousness among employees and clients, fostering a culture of security within the bank.
This partnership with Risk Associates reaffirms Raqami Bank’s unwavering dedication to providing secure, innovative, and Shariah-compliant financial solutions to its customers across Pakistan.
