Bank Nizwa boosts information security with new internationally accredited iso certification

Underlining its commitment to information security, Bank Nizwa recently received the ISO 27001:2013 certificate following a rigorous auditing process of its information protection capabilities. Bank Nizwa is the only Islamic bank in the Sultanate of Oman that has acquired the prestigious ISO/IEC 27001:2013 information security certification for its entire Information Technology Division.
Dr. Jamil El Jaroudi, CEO of Bank Nizwa, said, “As a financial institution, we are entrusted with confidential customer information and are committed to implement the tightest controls and measures to ensure its security. From the outset, we have strived to not only meet the most stringent requirements but to also foster a security culture within the Bank, investing time, effort and funds to develop an impeccable information security record.”
Mohammed Al Balushi, Acting Head of IT at Bank Nizwa, added, “The ISO 27001 information security certification provides assurance and confidence to Bank Nizwa’s customers that the confidentiality and availability of their information are secure in accordance with internationally recognized standards available from the International Standards Organization (ISO). This accreditation also cements our commitment towards placing the necessary robust controls in our processes to ensure customer information integrity and security."
ISO/IEC 27001:2013 is the highest globally accepted benchmark developed specifically for information security management systems (ISMS), it requires an organization to adopt and implement a systematic approach to ensure its sensitive corporate information is kept safe and secure. The certificate outlines the rules for implementing, operating and improving ISMS with the context of an organization’s overall business risks.
As part of its progressive strategy, Bank Nizwa is driving business with efficiency, innovation and technological advancement. This is achieved by creating a highly secure environment with an advanced electronic delivery channel with features and services that are available in today’s fast growing world. The Information Technology department is constantly improving e-channels’ services and expanding customer delivery systems to provide customers with multiple alternative banking channels to enrich the overall experience with the latest generation technology.
Background Information
Bank Nizwa
The formation of Bank Nizwa came about with the Central Bank of Oman granting its initial approval to the licensing of the Bank to Sheikh Saud bin Ali Al Khalili. Sheikh Saud and a further 92 other Omani individuals, companies and pension funds constitute the founder shareholders of the Bank.
Bank Nizwa is Oman’s first dedicated Islamic bank, with fully Shari’a compliant products and services.