CONSULTANT SERVICES – SELECTION OF FIRMS - Strategic assignment focused on the enterprise grade validation, enhancement, client engagement, and pilot implementation of the Credit Incentive and Enhancement System (CIES)

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTANT SERVICES – SELECTION OF FIRMS) Country: Saudi Arabia Project Name: Credit Incentive and Enhancement System (CIES) Implementation Sector: Islamic Finance / Financial Inclusion / Fintech Mode of Financing: Islamic Finance Grant Financing No: ZZZ2760 The Islamic Development Bank Institute (IsDBI) invites Expressions of Interest from qualified consulting firms or consortia to undertake a strategic assignment focused on the enterprise‑grade validation, enhancement, client engagement, and pilot implementation of the Credit Incentive and Enhancement System (CIES). IsDBI has developed a functional Minimum Viable Product (MVP) of the CIES platform, with core features implemented and documented in a Functional Specification Document (FSD). While the MVP demonstrates the complete functional concept of CIES, it has not yet been validated or deployed in a real‑world institutional environment. The purpose of this assignment is not full greenfield system development, but rather to: technically validate and enhance the existing MVP so that it meets enterprise‑grade standards, identify and engage a suitable pilot credit provider (not limited to banks; it can also extend to service providers such as telecommunications companies and similar entities), and deploying the enhanced system in a live pilot environment. The Credit Incentive and Enhancement System (CIES) is a strategic initiative by the Islamic Development Bank Institute (IsDBI) designed to modernize credit management through a blockchain‑enabled, reputation‑based framework. The system replaces traditional punitive late‑payment mechanisms with a Sharia‑compliant incentive model that rewards timely repayment, strengthening beneficiaries’ credit profiles and future borrowing capacity. At its core, CIES integrates a Takaful (Mutual Insurance) pool, funded through structured contributions, to mitigate default risks. This approach shifts risk management from charitable redistribution