REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTANT SERVICES – SELECTION OF FIRMS)

 

Country: Republic of Uzbekistan

Project Name: Strengthening the Economic Resilience of the Vulnerable Enterprises (SERVE) Project

Sector: Finance to MSMEs/Economic Empowerment

Consulting Services: SHARI’AH AUDITING SERVICES

Mode of Financing: Instalment Sale and Islamic Loan (Qard)

Financing No.: UZB-1037

Contract №SERVE/CQS/Audit-01

 

The Government of Uzbekistan has received financing from the Islamic Development Bank (IsDB) toward the cost of the Strengthening the Economic Resilience of the Vulnerable Enterprises (SERVE) Project, and intends to apply part of the proceeds for consultant services.

The services include Shari’ah Auditing Services covering the implementation period from Q3 2025 until December 2027. The expected level of effort is approximately 30 professional staff-months. The expected start date is Q4 2025. The assignment includes verification of Shari’ah compliance in line with AAOIFI standards and IsDB’s financing structure, monitoring of project transactions, and quarterly reporting.

The Terms of Reference (TOR) for the assignment are attached to this request for expressions of interest and are available at the following link: https://docs.google.com/document/d/1mTDCzckwNDhz8HL2caJzcdCqTB9BRtWP/edit?usp=drive_link&ouid=102883265367454794668&rtpof=true&sd=true or may be obtained by contacting the address below.

The Ministry of Economy and Finance (Executing Agency) now invites eligible consulting firms (“Consultants”) to indicate their interest in providing the services. Interested Consultants must submit an Expression of Interest (EOI) package consisting of:.

•           Company profile highlighting core business and years of operation;

•           Description of similar assignments conducted in the past 5 years;

•           CVs of key experts proposed for the assignment;

•           A brief statement of approach/methodology;

•           Contact details and deadline for clarifications (see below);

Key Experts' qualifications will be evaluated at this stage in accordance with the CQS method.

Please note:

•           Only the first-ranked firm will be invited to submit a financial proposal.

•           If negotiations with the top-ranked firm fail, the next ranked firm may be invited.

•           Only the selected firm will be contacted. Unsuccessful applicants may request a debrief within 10 calendar days of notification.

Associations with other firms are permitted. In the case of a Joint Venture (JV), all partners shall be jointly and severally liable. Please provide a copy of the JV agreement or MoU (Memorandum of Understanding). Sub-consulting arrangements are also permitted.

Procurement shall be conducted in accordance with the "IsDB Guidelines for the Procurement of Consultancy Services under IsDB Project Financing, April 2019 Edition (Revised February 2023)."

Interested consultants may obtain further information at the address below during office hours, 09:00 to 17:00 (Tashkent time).

Expressions of interest must be delivered in a written form to the address below (in person, or by mail, or by e-mail) by 5 September 2025, 16:00 Tashkent time..

Suggested EOI format and further submission instructions may be obtained by contacting the address below.

 

The PMU “SERVE” under the Ministry of Economy and Finance of the Republic of Uzbekistan
Niyozbek yuli Str. 1, Tashkent, Uzbekistan.

Attn: Mr. Alibek Narboev
Head of PMU “SERVE”
Phone: +998901768877

E-mail: serveprojectuzb@gmail.com,

Web site: www.imv.uz