Establishing an Islamic Window at the Maghreb Bank for Investment and Foreign Trade (BMICE) - GPN

GENERAL PROCUREMENT NOTICE TUNISIA Entity: The Maghreb Bank for Investment and Foreign Trade (BMICE) Project Name: Establishing an Islamic Window at the Maghreb Bank for Investment and Foreign Trade (BMICE) Sector: Islamic Banking and Finance Mode of Financing: Islamic Finance Grant Financing No: TUN1054 The Maghreb Bank for Investment and Foreign Trade (BMICE) has received grant financing in the amount of of ID 172,794 (Islamic Dinar One Hundred and Seventy-Two Thousand Seven Hundred and Ninety-Four), equivalent to USD 235,000 (United States Dollar Two Hundred Thirty-Five Thousand ), from the Islamic Development Bank Institute toward the cost of the project Establishing an Islamic Window at the Maghreb Bank for Investment and Foreign Trade (BMICE). BMICE intends to apply part of the proceeds of this financing to payments for consulting services to be procured under this project. This poject aims to equip the bank with the specialized knowledge, tools, and regulatory frameworks necessary to deliver Sharia-compliant financial services across its various departments. By building institutional capacity through targeted training and strategic advisory, the project seeks to align BMICE’s operations with international standards such as AAOIFI and IFSB. Ultimately, the goal is to position BMICE as a credible regional provider of innovative Islamic finance solutions in development, trade, and investment, thereby meeting the growing demand for ethical financial services in the Maghreb region. The project has the following components: Internal Legal and Regulatory Framework: Draft/update policies governing the organization and operation of the Window (charter, scope, responsibilities, activity segregation). Define guiding principles for Islamic finance-specific risk management. Determine the treatment of investment accounts (restricted/unrestricted), profit/loss calculation and allocation methodology, and associated governance. Define the accounting framework (AAOIFI FAS or I