General Procurement Notice for Provision of Consulting Services for Development of Islamic Finance in Mauritania a. Conduct a comprehensive gap analysis between the existing regulatory framework for the Islamic financial services industry and the industry standard through a comparison with three jurisdictions. b. Drafting a regulatory framework for Islamic banks covering all prudential standards, from licensing to solvency standards, including, among others, capital adequacy, risk management, liquidity management, Islamic window requirements, etc. c. Prepare operational procedure manuals covering the missions, tasks and reporting mechanisms of the Sharia Supervisory Board. d. Prepare documentation on the technical characteristics of Islamic products. e. Review the regulatory provisions of the money market in force at the BCM in order to develop and propose Sharia-compliant instruments specifically for liquidity management by the BCM and instruments for the interbank market. f. Review the current payment system and its suitability for Islamic banks and propose amendments based on best practices. Component B Implement a four-part capacity-building program to train BCM staff and relevant stakeholders on the newly introduced regulations. Some programs will be exclusively for BCM staff, while others will be open to market participants and stakeholders in the field. [Disclaimer: The above text is machine translated. For accurate information kindly refer the original document.] Tender Link : https://www.isdb.org/project-procurement/tenders
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