KIB awarded ISO certificate for information security for the 9th year consecutively

Press release
Published March 16th, 2023 - 06:45 GMT
KIB awarded ISO certificate for information security for the 9th year consecutively
Basil Al-Suwaidan, General Manager of the Information Security
Highlights
Kuwait International Bank (KIB) has received the international ISO 27001:2013 certificate for information security management systems for the 9th year consecutively.

Kuwait International Bank (KIB) has received the international ISO 27001:2013 certificate for information security management systems for the 9th year consecutively. This important achievement is a testament to KIB’s unwavering commitment to the highest international standards that govern the level of efficiency of the security systems implemented by the Bank across all its services and sectors, in a way that guarantees the safety and security of customer data, in addition to being clear evidence of the Bank’s adoption of the latest technologies in this field.

Speaking on this occasion, Basil Al-Suwaidan, General Manager of the Information Security, Privacy and Anti-Fraud Department at KIB, said: “At KIB, we are proud to continue our compliance for the 9th year  as the renewal of this certification  is a clear recognition of the quality of our information security policies and systems. This achievement is based on the high competence and unrelenting commitment to comply with the approved international information security standards, which are adopted by the Bank across all information technology and operations support units, in addition to the disaster recovery and business continuity unit.” 

Al-Suwaidan added: “With regard to information security, we adhere to a meticulous strategy and always strive to maintain the confidentiality of all customers’ data.. We are also keen on educating our employees about the importance of ensuring the utmost confidentiality and privacy of administrative and customers’ data, in addition to providing regular instructions that guarantee a completely secure banking experience.” 

It is worthy to mention that KIB is making all possible efforts to leverage the strength of its information security system. These efforts include enhancing the competence of personnel in information security management, ensuring the security of the documentation and archiving system, monitoring and guiding implementation of special directives and controls, in addition to enforcing preventive and proactive measures with the utmost precision.

Background Information

Kuwait International Bank

KIB a bank that operates according to the Islamic Shari’ah from 1st of July 2007, is a public quoted company.  It was incorporated in 1973 and was originally known as the Kuwait Real Estate Bank. 
As an Islamic bank, KIB’s business covers all banking services including Acceptance of Deposits, Financing Transactions, Direct Investment, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (Lease-to-own) , Istisna’a, Tawarruq, Credit Cards, Wakala and other products. Corporate projects and finance, Treasury Services, Issuing Letters of Credit (L/Cs), Letter of Guarantee (L/Gs) and Real Estate Dealings and Management of Properties.

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