IBA opens bids for consultancy to set up Islamic banking institution
BAKU – The International Bank of Azerbaijan (IBA), the country’s leading bank, has announced a tender to select a consultancy to assist in establishing a new institution to be engaged in Islamic banking.
Bids will be considered on the following key criteria: the most effective tender proposal, the bidders’ ratings and relevant experience; the potential of staff, financial standing and technical capacities, IBA said.
Bidders are required to transfer a participation fee of 500 manats (over $600). Tender bids must be compiled in Azeri.
Bidders are to submit their bids and 1% security deposit to IBA before May 17. Bids will be unsealed on May 23.
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