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Tender description :
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Expression of Interest selection of Individual Consultant – Aaoifi Regulatory Research and Development Centre (rrdc)
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI or the organisation) has received financing from the Islamic Development Bank (IsDB) toward the cost of the regulatory research and development centre (RRDC) 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 detailed terms of reference (TOR) for the assignment are attached to this request for expressions of interest, in appendix A.
AAOIFI 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 individual consultants affiliated with an organization may also submit interest.
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.
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)”
Minimum qualification requirements – senior consultant-researcher
The consultant should have the necessary competencies and qualifications to undertake the assignment as indicated below:
a graduate degree (18 years of education) in Islamic finance, commerce, finance, economics, public policy / administration, business administration or any related field and / or equivalent Islamic scholarly qualification and / or equivalent professional qualification(s) such as CIPA, CSAA, etc.;
experience of at least ten (10) years conducting consultancy services, in particular, experience of conducting research and collection of primary data, preferably in a regulatory or research institution;
experience in writing research reports such as country reports, technical reports etc.;
knowledge and understanding of Islamic finance principles and practical applications / operations;
knowledge and experience of coordinating with regulatory and supervisory institutions and completed projects for them;
possess high level of English language proficiency; Arabic language proficiency will be an added advantage, while knowledge of any of the local languages including, Bahasa Indonesia / Malayu, Bengali, French, Mandarin, Russian, Turkish, Urdu language proficiency will be preferred; and
familiarity with central banks’ regulations, AAOIFI and other Islamic infrastructure organisations’ guidelines, standards, technical pronouncements etc.
The attention of interested individual consultants are invited to read clauses 1.12.1 and 1.12.2 of the “Procurement Policy of the IsDB Guidelines for the Procurement of Consultant Services under IsDB Project Financing, April 2019 edition revised 2023” (the "Procurement Guidelines") setting forth the IsDB's policy on conflicts of interest.
Interested individual consultants may obtain further information at the address below, or via email to RRDC@aaoifi.com during office hours; Sunday to Thursday 8:00 am – 4:00 pm (Bahrain time, GMT +3).
Applicants who wish to submit an expression of interest (EOI) should complete the EOI Form in Appendix B and submit it in written form accompanied by the CV and any other document by e-mail to RRDC@aaoifi.com no later than 31 March 2026. The subject of said email shall be kept as “EOI submission - ZZZ2757”
Mr. Farhan Noor
last Date of Submission 31 March 2026
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