BisB Receives PCI DSS 4.0 Certification

Press release

Published June 4th, 2023 - 06:32 GMT

Mr. Yaser Alsharifi, Chief Executive Officer of BisB

Bahrain Islamic Bank (BisB), the leading provider of Islamic digital banking services in the Kingdom of Bahrain, announced receiving the Payment Card Industry Data Security Standard (PCI DSS) Version 4.0 Certification, the approved global standard for protecting the security of payment card data. The certification comes in recognition of the Bank’s commitment to adopting the latest industry standards of security controls, meeting the most rigorous requirements of payment card brands, and continuously improving its cybersecurity posture. With this achievement, BisB is the first bank in Bahrain to receive this certification and is amongst the first organizations on a regional level.
Commenting on the occasion, Mr. Yaser Alsharifi, Chief Executive Officer of BisB, said: “We are delighted to have achieved this certification as a testament to our commitment to protect and secure our valued customers with their banking experience. As such, protecting the confidentiality, integrity, availability and privacy of their personal data and information is always top of mind. This comes as part of our strides to protect payment platforms against cyber and information security threats, in adherence with the industry’s best practices.”
To obtain the PCI DSS Certification, leading international regulators, comprised of a selection of qualified experts within the sector, assess companies' and institutions' commitment to following the necessary preventive measures to protect card data security and ensure maximum protection and security when receiving, storing, processing and transmitting card information.

Background Information

Bahrain Islamic Bank

Incorporated in 1979 as the first Islamic bank in the kingdom of Bahrain, and the fourth in the GCC. Bahrain Islamic Bank (BisB) has played a pivotal role in the development of the Islamic banking industry and the Kingdom’s economy. The Bank operates under an Islamic Retail banking licence from the Central Bank of Bahrain and is listed on the Bahrain Bourse.

At the end of 2016, the Bank’s paid up capital was BD 101 million, while total assets stood at BD 1042 million. The Bank’s modern branch network comprises 5 branches, 4 innovative financial malls, and 56 ATMs located throughout the Kingdom. A steadfast focus on continuous innovation, strong corporate governance and risk management, employee development, and the use of state of the art technology to deliver superior customer service, has cemented Bahrain Islamic Bank’s position as the leading Sharia’a – compliant bank in the Kingdom.