Objective and Scope

The objective of the short-term staff consultancy is to support the timely and quality delivery of services by the Asia Section under LOD.

The scope of this staff consultancy services shall include but not be limited to:

4.1 Interpret laws, rulings and regulations and provide expert legal advice and technical guidance to the Bank’s operations units in relation to public sector transactions, operations’ policies and operations procurement, private-sector and other non-sovereign transactions, funds and funds management, mobilization and management of the financial resources of the bank.

4.2 Coordinate with the Shariah Unit of the bank to ensure that all legal documents and in compliance with Shariah. Provide technical advice to the business units operating in the Asia region on products, modes of financing and investment agreements and arrangements, including the review of legal opinions and other legal documents submitted in fulfillment of financing conditions, review/clearance of tendering/contract documents, clearance of disbursement requests, advising on payment schedules, default in payment obligations, ongoing and potential suspension of disbursements and other sanctions and on other ongoing/potential legal proceedings.

4.3 Serve as adviser to the business units operating in the Asia region on issues of governance, legal risk management, growth, policy implementation, internal and external communications relating to complex matters, strategic planning and execution, and special projects.

4.4 Negotiate, review, and approve all legal documents and agreements related to the bank’s operations in the Asia (i.e.: agreements for the establishment of special funds and trust funds in the bank, procurement of various services necessary for the support of the operations of the Bank and the related corporate activities).

4.5 Provide legal expertise, research and knowledge services to advance the bank’s Islamic Finance agenda and developmental mandate.

4.6 Participate in the conceptualization and development of the legal corporate policies, procedures and programs and provide counsel and guidance on legal matters and on legal implications of all matters.

4.7 Ensure the Bank’s compliance with applicable laws and regulations and keep abreast of legislative changes that may affect the bank and its affiliates.

4.8 In coordination with the Manager and the Associate Managers for Asia, contribute to the development of the legal operations division strategy to promote and protect IsDB’s legal interests.

 

Detailed ToR is attached

 

Expression of Interest:

• Interested Consultants are invited to submit a technical & Commercial proposal no later than Dated 28th Aug 2024 3:00 p.m., Jeddah time to the following designated email address ‘ : General - BCC2024-060 Recruitment of short term legal counsel for LOD _Asia_ 16208 < 832fe16f.isdb.org@emea.teams.ms >

 

• For any Clarification or General Queries please contact thru given email: EOI Submission - BCC2024-060 Recruitment of short term legal counsel for LOD _Asia_ < 16208 f165e83d.isdb.org@emea.teams.ms >

• Additionally, and most importantly, IsDB currently Implemented the Procure to Pay Solution with SAP Ariba, you are kindly required to register yourself/Esteemed Firm through Self registration link as follows for the RFP/TOR and future Business with IsDB.

http://isdb.supplier.mn2.ariba.com/ad/selfRegistration/