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REQUEST FOR EXPRESSION OF INTEREST (SELECTION OF INDIVIDUAL CONSULTANTS)

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PPC/1/2023/53-Consultancy Service for Islamic Finance Expert

 

 

REQUEST FOR EXPRESSION OF INTEREST

(SELECTION OF INDIVIDUAL CONSULTANTS)

 

Country: Republic of Maldives

Project: Support People's Livelihoods in the Fishery Sector in Maldives through Sustainable Energy

Consulting Service: Individual Consultancy Service for Islamic Finance Expert

Mode of Financing: Instalment Sale and Grant

Financing No: MDV1012

 

The Republic of Maldives has received financing from the Islamic Development Bank toward the cost of the Support People's Livelihoods in the Fishery Sector in Maldives through the Sustainable Energy Project, and intends to apply part of the proceeds of this financing to eligible payments under the contract of consultant services of an Individual Consultant for which this Expression of Interest is issued.

The services include services of a Islamic Finance Expert who would support the establishment and development of SDFC Islamic Window and provide technical advise to manage project activities. It is expected that total 3.5 person-months estimate experts inputs will be required for this assignment. This contract is expected to commence in March 2023.  

The detailed Terms of Reference (ToR) for the assignment can be found at the following website: www.trade.gov.mv

Consultancy Service for Islamic Finance Expert-TOR

The Ministry of Economic Development now invites eligible consultants (“Individual Consultants”) to indicate their interest in providing the services. Interested Consultants must provide specific information which demonstrates that they are fully qualified to perform the services.

The shortlist will be drawn up following the evaluation of CVs and useful information in response to this notice of expression of interest including references. Potential candidates will be required to provide information on their general qualifications as an individual consultant,their mission-relevant experience, their experience in the region and sector as well as their language ability as in the Terms of Reference.

A consultant will be selected in accordance with the selection method applicable to Individual Consultants as defined in the IsDB Guidelines for the Procurement of Consultant Services under IsDB Project Financing (April 2019 edition).

 

Required Expertise and Qualifications 

• Minimum MQA level 9 qualification in relevant field (Islamic Economics, Islamic Banking/Finance, Shariah/ Shariah & Law, Fiqh Muamalat). 
• Minimum General Experience: 4 years’ experience in the Islamic Finance sector with demonstrated experience advising governments/ corporates and other stakeholders on Islamic Social Finance. 
• Proven record of similar consultancy services (at least 1 study in the last 5 years).
• Experience in strategy development and donor and partnerships/public relations at the national level.
• Previous experience in Islamic finance and financial development field in the Maldives will be an added advantage 
• Fluency in written and spoken English is a requirement and fluency in Dhivehi language is preferable.

 

 

The attention of interested Individual Consultants are invited to read Clauses 1. 23 and 1.24 of the IsDB Guidelines for the Procurement of Consultant Services under IsDB Project Financing, April 2019 edition (the "Procurement Guidelines") setting forth the IsDB's policy on conflicts of interest.

A consultant will be selected in accordance with the Individual Consultancy Selection (ICS) method set out in the Procurement Guidelines.

Interested consultants may obtain further information at the address below during office hours 08:00 to 16:00 hours (local time). Expressions of interest must be delivered in written form accompanied by the CV and any other document (in person, mail, or by fax or by e-mail) to the address below no later than 1400 hrs on 6^th March 2023.

 

Niushad Saeed, Project Director

Ministry of Economic Development,

11th Floor, Velaanaage, Ameer Ahmed Magu, Malé City, Maldives

Telephone: +960 332-3668

Email: [email protected]

Website: www.trade.gov.mv

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• Required Documents
• Interested candidates must submit the following documents/information to demonstrate their
• qualifications, experience, and responsiveness to this TOR.
• i. Complete and up-to-date Curriculum Vitae (CV).
• ii. Copy of National Identity Card.
• iii. Copies of academic certificates with transcripts.(All international certificates must be
• accredited by MQA )
• iv. Reference letters from current/ previous employers certifying type of employment, job roles,
• and service period.

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