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Buyer/Seller :
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Can be viewed by Subscribers |
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DID :
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77890874
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Requirement :
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Recruitment of a firm for Product development, training on shariah audit and conversion of conventional financial institution CQS/MCs Firms
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Tender description :
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Expression of Interest : Recruitment of a firm for Product development, training on shariah audit and conversion of conventional financial institution: CQS/MCs Firms
The Project will include the following components:
Development of Shari'ah-compliant treasury and liquidity management instruments for non-interest (Islamic) banks with a particular interest in Islamic money market instruments.
Islamic Money Market Instruments:
Design new Sharia-compliant instruments for managing liquidity in Islamic banks.
Base these instruments on successful examples from common-law countries.
Train Central Bank staff in using these instruments.
Sharia Compliance Framework:
Create a Sharia compliance and audit manual for the Central Bank.
Ensure the manual aligns with best practices and leading Islamic finance jurisdictions.
Train Central Bank staff on conducting Sharia audits, including recent industry standards.
Conversion Guidelines for Banks:
Refine existing guidelines for converting conventional banks to Islamic banks.
Train Central Bank staff on implementing the guidelines and monitoring the process.
Help identify and address challenges faced during conversion.
Stakeholders Training:
Train industry players on the new liquidity management instruments.
Offer training on Sharia audit and compliance practices.
Provide guidance to CBN on converting conventional institutions to Islamic banks.
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Company Industry:
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Banking and Mutual Funds and Leasings
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