In an era where artificial intelligence (AI) is reshaping industries, Al Salam Bank has positioned itself as a pioneer in the banking sector. The bank recently announced that it has become the first in the region to receive the ISO/IEC 42001:2023 certification for its AI management system. This international standard provides a recognized framework for governance of AI-related opportunities and risks, ensuring clarity in responsibility, risk assessment, and necessary controls throughout the AI solution lifecycle.

This certification is a testament to Al Salam Bank's commitment to adopting AI technologies responsibly, transparently, and securely. By leveraging AI, the bank aims to elevate customer experiences, enhance operational efficiency, and support more informed decision-making within a clear governance framework.

Mr. Anwar Murad, Executive Vice President of Group Banking Services at Al Salam Bank, emphasized the significance of this achievement, stating that the certification is the culmination of intensive efforts to establish a strong and responsible foundation for AI technology adoption. He views AI as a crucial tool for enhancing customer experiences and supporting enlightened decision-making, always within a framework of governance, accountability, and risk management.

In collaboration with partners like SGS Bahrain and Advantari, Al Salam Bank continues to develop its AI capabilities in alignment with its strategic values and priorities. The bank's journey in AI is not just about innovation but also about maintaining a balance between creativity, governance, accountability, and human intervention.

Given Al Salam Bank's strategic direction and commitment to responsible AI adoption, the bank is well-positioned to continue its growth trajectory. For investors, this milestone reflects a forward-thinking approach that balances innovation with risk management, suggesting a positive outlook for the bank's future performance. Therefore, the recommendation is to buy and hold onto this promising financial instrument.