Karachi, Pakistan – September 03, 2024 – 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. This certification
underscores 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, Raqami Islamic Digital Bank
Ltd (RIDBL), formalized the partnership.
Umair Aijaz, CEO, 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.”
The acquisition of these services is a key 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 importance of complying with
internationally recognized standards such as ISO/IEC 27001.
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.
This partnership reaffirms Raqami Bank’s dedication to providing secure, innovative, and
Shariah-compliant financial solutions to its customers across Pakistan.
