Expression of Interest For Develop Shariah-Compliant Operational Guidelines For Islamic Microfinance Institutions

Expression of Interest for Develop Shariah-Compliant Operational Guidelines for Islamic Microfinance Institutions The Islamic Development Bank Institute has approved grant financing to provide technical assistance (TA) toward the cost of the Islamic Finance Grant to ICCD to Develop Shariah-Compliant Operational Guidelines for Islamic Microfinance Institutions in the G5 Sahel Countries (Mauritania, Mali, Burkina Faso, Niger, and Chad) in helping the ICCD establish and operate a business model for Islamic microfinance by preparing a full set of operational manuals. Under the guidance of the IsDB and OIC, this initiative aims to create a permanent regional framework for Islamic microfinance operations. The main objective of this engagement is to help the ICCD establish and operate a business model for Islamic microfinance by preparing a full set of operational manuals. These manuals are conceived as a scalable blueprint for the G5 Sahel countries, designed for immediate applicability and minimal local adjustment, and positioned as a regional reference asset under IsDB and OIC stewardship. This project aims to fill a critical void in the Islamic microfinance sector by providing standardized operational frameworks, including detailed procedures for Islamic contracts, risk management, governance, and digital integration. The approach ensures broad applicability and relevance across the Sahel region and other OIC member states. The scope outlined herein will be fully reflected in the forthcoming RFP. The IsDBI Microfinance Toolkit (five modules: Concept, Business Models & Products; Establishing a Shariah-Compliant Entity; Integrating Islamic Finance into Agricultural Value Chains; Monitoring and Evaluating Performance and Outcomes; Regulations and Supervisory Guidelines) provides the conceptual foundation; this project translates it into country-specific, actionable operational systems. The draft Terms of Reference (ToR) for the assignment is attached to Annex-1. The ICCD now invite eligible consulting firms (Consultants) to indicate their interest in providing the services. Interested International Consultants from IsDB Member Countries (ICB/MCs) must provide specific information which demonstrates that they are fully qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.). Experience in the following area or tasks shall be the minimum requirement for the assignment: Preparation of Develop Shariah-Compliant Operational Guidelines for Islamic Microfinance Institutions (Consultant qualifications can be found in Annex-1). Consultants may associate with other firms to enhance their qualifications but should indicate clearly whether the association is in the form of a joint venture and/or a sub-consultancy. In the case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected. The firm should demonstrate capabilities and experience in delivering the expectations outlined in the draft ToR in Annex 1. Tender Link : https://www.isdb.org/project-procurement/tenders

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