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Digital Postal Islamic Financial Services Tender, Saudi Arabia - 84783131

ISLAMIC DEVELOPMENT BANK INSTITUTE has floated a tender for Digital Postal Islamic Financial Services. The project location is Saudi Arabia and the tender is closing on 22 Jun 2024. The tender notice number is ZZZ2736, while the TOT Ref Number is 84783131. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.

Procurement Summary

Country : Saudi Arabia

Summary : Digital Postal Islamic Financial Services

Deadline : 22 Jun 2024

Other Information

Notice Type : Tender

TOT Ref.No.: 84783131

Document Ref. No. : ZZZ2736

Competition : ICB

Financier : Islamic Development Bank (ISDB)

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

General Procurement Notice for Digital Postal Islamic Financial Services

The Islamic Development Bank Institute has approved grant financing for the Digital Postal Islamic Financial Services project, and it intends to apply part of the proceeds to payments for consulting services to be procured under this project.

The scope of the project includes the following deliverables:

1. Market Overview Report of Postal Services in IsDB Member Countries

· A report providing an overview of the postal services landscape in IsDB Member Countries including up to date Country profiles of postal services in the 57 member countries of the IsDB, as well as identification of leading institutions in terms of digitalization and financial services, and opportunities for integration of Islamic financial products and services.

2. Benchmarking Study of Operational Models and Strategies in Selected Leading Non-IsDB Member Countries

This component includes and is not limited to the following:

· Conducting a benchmarking study of best practices, innovative postal, financial services and e-commerce solutions offered by postal service providers in 12 Non-IsDB Member countries, including the legal and enabling frameworks in place, operational models, strategies adopted, and lessons learnt.

3. Market Assessment, Operational Models and Opportunities in Selected IsDB Member Countries

This component includes and is not limited to the following:

· Conducting an in-depth market assessment study of innovative postal, financial services and e-commerce solutions offered by postal service providers in 12 IsDB Member countries; proposal for Islamic Financial products and services (targeting SMEs, Consumers and Public bodies) that could be introduced as part of the postal services in the selected IsDB Member countries, including the use of digital technologies; legal and enabling frameworks required; outline of a digital transformation and financial services strategy and roadmap for the postal services in each country; expected costs of transformation etc

4. Pilot Feasibility Study for 1-2 IsDB MCs

· Conducting a pilot feasibility study for 1-2 IsDB Member countries selected amongst the 12 IsDB Member countries, identifying critical success factors, and proposing key steps etc; including development of a high-level financial model, proposals for resource mobilisation, legal and regulatory amendments, change and people strategies, and detailed roadmap for transformation.

5. Knowledge Dissemination and Awareness

· This component includes all knowledge dissemination and awareness activities on the benefit of the project to postal networks in IsDB Member Countries, as well as translation and printing of the reports in English, Arabic and French.