Al Hilal Bank, a progressive Islamic bank, has been granted a Certification Service Provider (CSP) license by the UAE Telecommunications Regulatory Authority (TRA). This makes Al Hilal the first bank and only the second organization after Etisalat in the Emirates to be awarded such a license.

Al Hilal Bank’s Information Security Department began implementing a bankwide Public Key Infrastructure (PKI) in 2010 to support electronic guarantees as provided in the physical world, such as User Authentication, Confidential Exchange, Information Integrity, and Non-Repudiation of Contracts. The initiative was Al Hilal Bank’s strong response to increasing demand for secure electronic exchange and paperless procedures.

CSP status is granted by the TRA to an organization found capable of issuing Electronic Attestation Certificates or other related services supporting Electronic Signatures. To meet CSP licensing guidelines, Al Hilal Bank contracted an external third party auditor, E-Hosting Datafort, to assess the bank’s PKI infrastructure and report their findings to the TRA. The CSP license was approved in September 2011.

“The CSP license attests to Al Hilal Bank’s pioneering spirit and represents a quantum leap in secure electronic exchange across the UAE. We assure our clients of the best solutions for conducting their business securely and efficiently on the web. We thank the TRA for bestowing this honor on us and encourage our customers to take full advantage of the benefits of our PKI-supported services,” said Mohamed Jamil Berro, Chief Executive Officer, Al Hilal Bank

Al Hilal Bank is fully owned by the Abu Dhabi Investment Council, the investment arm of the Government of Abu Dhabi. It currently operates 19 local branches and more than 90 ATMs across the UAE as well as three branches in Kazakhstan, serving over 40,000 clients. Al Hilal Bank’s CSP license from the TRA reflects its ongoing focus on key objectives such as going green and staying secure and trustworthy to name a few.

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