Expression of Interest For Consulting Services Selection Of Firms - The Establishment Of A Regulatory Framework For The Supervision Of The Islamic Banking System And The Management Of Islamic Liquidity

Expression Of Interest For Consulting Services Selection Of Firms - The Establishment Of A Regulatory Framework For The Supervision Of The Islamic Banking System And The Management Of Islamic Liquidity Comparative Study Comparative Analysis: Carry Out A Comparative Study Of Existing Regulations On Banking Supervision And Liquidity Management, Integrating The Best Practices Of Islamic Finance At The International Level (Aaoifi, Ifsb, Etc.). Risk Management Framework: Develop Specific Guidelines For Risk Management, Including Market, Credit, Liquidity And Operational Risks, In Accordance With Sharia Principles. Regulation And Compliance: Establish Control And Compliance Mechanisms That Ensure That Institutions Comply With Sharia Rules, While Taking Into Account Market Constraints. Methodology Consultation With Stakeholders: The Development Of Texts Must Be Done In Consultation With Stakeholders (Central Bank, Ministry Of Economy And Finance, Islamic Banks, Sharia Compliance Committees, Regulatory Authorities, Islamic Jurists). Sharia References: Mention The Sources Of Islamic Law To Be Used, Including The Quran, The Sunnah, And Recognized Interpretations. Adoption Of An International Framework: Drawing Inspiration From International Standards In Islamic Regulation (Aaoifi - Accounting And Auditing Organization For Islamic Financial Institutions, Ifsb - Islamic Financial Services Board). Expected Results Regulatory Texts: Drafting Detailed Texts And Procedure Manuals On Banking Supervision And Liquidity Management, Including Capital Requirements, Asset And Liability Management, And Sharia Compliance. Compliant Liquidity Instruments: Offering Shariah-Compliant Financial Mechanisms And Instruments For Liquidity Management, Such As Sukuk And Other Islamic Instruments. Supervision Guide: Create A Guide For The Supervision Of Islamic Financial Institutions, Covering Sharia Audits, Risk Management, And Regulatory Reporting. Execution Time Key Milestones: The Duration Of The Work Must Not Exceed 3 Months From The Date Of Notification. A Detailed Schedule With Deadlines For Each Phase Of The Project, Including Research, Drafting Of Texts, Consultations, And Final Adjustments, Must Be Provided. Multidisciplinary Team The Proposed Project Team Should Consist Of The Key Experts And Specialists Listed In The Table Below. However, The Consultant Has The Option To Add Additional Staff Depending On Their Work Strategy: 1. Team Leader: More Than 10 Years Of Significant Managerial Experience In Central Bank Regulation And Legal Framework, Or Equivalent Expertise In At Least One Of These Areas. 2. Senior Supervision Expert: More Than 5 Years Of Experience In Legal And Regulatory Considerations For The Assessment Of The Existing Legal And Regulatory Framework. 3. Senior Product Development Expert: Over 5 Years Of Experience In Sharia Compliant Product Development, Liquidity Management And Payment Systems. Deliverables Regulatory Documents: Revised And Approved Texts On Banking Supervision, Islamic Liquidity Management, And Procedures Manuals. Interim Reports Must Be Submitted Within 12 Weeks Of Notification. They Will Be Written In French And Arabic. Progress Reports: Periodic Reports Detailing The Progress Of The Work Must Be Provided Monthly. Training Sessions: Training Provided To The Relevant Department On Shariah Compliant Liquidity Management Regulations And Legal Regulatory Mechanisms. Monitoring And Evaluation Performance Indicators: Define Indicators To Measure Financial Institutions Compliance With New Regulations And The Effectiveness Of Shariah-Compliant Liquidity Management Instruments. This Framework Ensures That Regulatory Texts Comply With Both Shariah Requirements And International Banking Supervision Standards. Tender Link : Https://Www.Isdb.Org/Project-Procurement/Tenders

Refer document

FileName	File Description
Global Tender Document	Tender Notice