Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority, has signed an agreement in Dubai with Dubai Islamic Bank (DIB) to incorporate the principles of Sharia in all practices.

The Memorandum of Understanding (MoU) signed at Gitex Global (October 14-18) between Eng Marwan Bin Haidar, Vice Chairman & Group CEO of Digital DEWA, and Obaid Al Shamsi, Chief Operating Officer of DIB, the largest Islamic bank in the UAE and the first financial institution to incorporate the principles of Sharia in all practices.

Under the agreement, Moro Hub will provide state-of-the-art colocation and advanced cybersecurity services, enhancing the bank’s maturity and resilience in responding to the surge in cybersecurity threats.

"We are honoured to partner with Dubai Islamic Bank to offer our world-class colocation and cybersecurity services,” said Haider.

“This collaboration highlights our commitment to delivering superior data management and security solutions that cater to the unique requirements of leading financial institutions.

“Our state-of-the-art facilities and advanced cybersecurity measures will leverage DIB’s capabilities to maintain robust, scalable, and secure operations, supporting their continued success in the dynamic financial sector.”

Moro Hub will deliver top-tier digital services, offering Dubai Islamic Bank access to its highly secure, high-performance data centres. These facilities are designed to provide optimal infrastructure reliability and scalability, ensuring that DIB’s critical data and applications are managed with the highest levels of efficiency and security.

In addition, Moro Hub will deploy its advanced cybersecurity solutions to safeguard DIB’s digital assets. These services include cutting-edge threat detection, real-time monitoring, and comprehensive incident response capabilities to protect against evolving cyber threats and ensure regulatory compliance.

“Our partnership with Moro Hub marks a significant milestone in DIB’s digital transformation journey,” said Al Shamsi.

“By leveraging Moro Hub’s advanced colocation and cybersecurity services, we not only enhance our operational efficiency but also reinforce our commitment to safeguarding our customers’ sensitive data with top-notch security measures. 

“This collaboration underscores our proactive adoption of cutting-edge technologies, positioning us as leaders in the UAE’s financial sector.

“Additionally, by hosting our services at Moro Hub’s green data centre, we directly align with our sustainability agenda, supporting the UAE’s national sustainability goals.

“This strategic decision highlights our commitment to integrating sustainable technologies into our infrastructure, advancing responsible and efficient digital practices.” – TradeArabia News Service