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Al Baraka Islamic Bank receives PCI-DSS recertification

November 2, 2021
islamic finance

Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, announced that it has successfully attained the recertification of the Payment Card Industry Data Security Standard (PCI-DSS), the leading information security standard created to enhance cardholder data security and combat frauds.

During the awarding ceremony, which took place at Al Baraka’s headquarters on 7th of October 2021, the certification was rewarded to the Bank on behalf of SISA, the region’s number one global payment security specialist. The ceremony witnessed the attendance of the Chief Executive Officer of Al Baraka Islamic Bank, Mr. Hamad Al Oqab, and representative of SISA, Mr. Yogesh Malhar Dange, along with other senior officials from both entities.

Commenting on the occasion, Hamad A. Al Oqab, Chief Executive Officer of Al Baraka Islamic Bank, said: “It gives us great pleasure to be receiving our PCI-DSS recertification, which comes as a testament to our continuous efforts in maintaining a secure and seamless payment environment. Due to the hard work and dedication of our employees, we are fully compliant with the certification’s standards and are able to offer valuable card services that are in accordance with the regulatory requirements and best practices.”

“At Al Baraka, we are committed to providing the latest in banking products and services that are up to par with high security standards, instilling in our customers a sense of trust, confidence and loyalty to our services,” he added.

On his end, Dharshan Shanthamurthy, CEO and Founder of SISA Information Security, said: “Through its deep commitment towards security and compliance, we are once again pleased to be partnering with a leading institution such as Al Baraka Islamic Bank, as it is fully compliant with the PCI-DSS standards. We would like to laud the bank’s efforts in maintaining a level of high-quality services that are secure and trustworthy for its customers.”

PCI DSS is one of the most authoritative data security standards in the payments, banking and finance industry, including the storage, processing and transmission of cardholder data. This certification comes as an enhancement on the bank’s security standards, reaffirming its commitment to data protection and security.

With its establishment in 1984 in the Kingdom of Bahrain, the Al Baraka Islamic Bank B.S.C. – Bahrain has a longstanding track record of delivering excellence, innovation and superior results. The Bank ranks among the leading providers of Islamic banking products and services to its international clientele and focuses primarily on developing innovative and distinguished Investment solutions in compliance with Islamic Sharia principles, supported by its sound financial solutions.

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