GENERAL PROCUREMENT NOTICE

 

Country: MOROCCO

Project Name: TECHNICAL ASSISTANCE FOR SETTING UP AN INTEGRATED INFORMATION SYSTEM FOR THE SUPERVISION AND REGULATION OF PARTICIPATION BANKS

Sector: ISLAMIC BANKING / ISLAMIC FINANCE

Mode of Financing: ISLAMIC FINANCE GRANT

Financing No: MAR1056

 

Bank Al-Maghrib’s (BAM) has received financing in the form of a grant amounting to USD 280,000 (United States Dollar Two Hundred and Eighty Thousand) equivalent from the Islamic Development Bank toward the cost of the “technical assistance for setting up an integrated information system for the supervision and regulation of participation banks” Project, and it intends to apply part of the proceeds to payments for consulting services to be procured under this project. The purpose of this grant is to support the enhancement of Bank Al-Maghrib’s IT system for banking supervision, enabling it to effectively address the unique demands of Islamic banking in the wake of the country's recent introduction of participation banks.

The Moroccan banking system is undergoing a significant transformation with the emergence of participation banks, presenting new challenges and opportunities for effective supervision. This technical assistance aims to strengthen BAM's capacity to oversee and regulate the financial sector, including participation banks, by enhancing its information system.

The project will include the following components:

Component A - Consultancy Services: Redesigning and optimizing the regulatory reporting of the banking system, with a focus on developing specific reports tailored to participation banks.

Component B - Consultancy Services: Conducting a study and providing recommendations on the most suitable technological standards for remittance of the reporting, taking into account Morocco's unique context and relevant benchmarks.

Component C - Change Management Support: Delivering comprehensive support to facilitate a smooth transition, including communication, training, and skill transfer to internal BAM teams and reporting entities.

By upgrading its information system for supervision and regulation, BAM will be better equipped to monitor and guide the development of the financial sector, ensuring the stability and integrity of the banking system while fostering the growth of Islamic finance in Morocco.

The selection method for the above-mentioned Consultancy Services under the subject grant will be based on the Quality and Cost-Based Selection (QCBS) method using international shortlisted firms. Consulting services financed by the Islamic Development Bank will be selected in accordance with the Guidelines for the Procurement of Consultancy Services under Islamic Development Bank Project Financing (April 2019, revised in February 2023) and is open to all eligible bidders as defined in the guidelines.

 

Requests for Expression of Interest for contracts for consultancy services will be announced as they become available on IsDB Website and DG Market as well as the BAM website (https://www.bkam.ma).

 

Interested eligible firms who wish to be considered for the provision consulting services for the Project mentioned above, or those requiring additional information, should contact the Beneficiary at the address below:

 

Bank Al-Maghrib, Morocco (BAM)

Banking Supervision Directorate

Address: 57 CFC Tower, 24th Floor, Casa Anfa, Hay Hassani

Tel: 212 5 22 47 80 32   / Fax: 212 5 22 22 69 16

Email: dsb@bkam.ma