Islamic Finance Grant to the Development Bank (Oman) to Develop Islamic Finance Operation - GPN

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Issue Date
Last date of submission
Tender Type
General Procurement Notice
Project code
OMN1032
Email
cp.isdbi@isdb.org
Documents
GPN_for_OMN1032.docx35.32 KB

GENERAL PROCUREMENT NOTICE

 

Country: Oman

Project Name: Islamic Finance Grant to the Development Bank (Oman) to Develop Islamic Finance Operation

Sector: Islamic Banking and Finance

Mode of Financing: Islamic Finance Grant

Financing No: OMN1032

 

The Islamic Development Bank Institute has approved grant ID 183,824 (Islamic Dinar One Hundred and Eighty-Three Thousand Eight Hundred and Twenty-Four), approximately USD 250,000 (United States Dollar Two Hundred Fifty Thousand equivalent) financing for Development Bank (Oman) to integrate a sustainable Islamic finance division aimed at boosting the country's socioeconomic development. The initiative focuses on strategic capacity building for management and staff, the development of robust regulatory and operational frameworks, and the creation of comprehensive policies and roadmaps to ensure the effective delivery of Shariah-compliant products.

 

The project has the following deliverables:

  1. Feasibility study covering three strategic options which are:
  • A Full Conversion into a Fully-Fledged Islamic Bank
  • Establishing an Islamic subsidiary Banking/ Window within the Development Bank
  • Partnering with a Third-Party Provider to Offer Islamic Financial Products
  1. Training and capacity building
  • Develop and provide 4 Capacity Development workshops for Islamic banking knowledge, covering product delivery, customer engagement, and regulatory compliance.

Procurement of contracts financed by the Islamic Development Bank will be conducted through the procedures specified under the Guidelines for the Procurement of Consultant 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 the IsDB Website and DG Market.

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

THE ISLAMIC DEVELOPMENT BANK INSTITUTE

Attention:       The Islamic Development Bank Institute

Email:             cp.isdbi@isdb.org