This specific tender is managed via the new supplier portal system of UNDP Quantum. If you are interested in submitting a bid for this tender, you must subscribe following the instructions in the user guide. If you have not registered a profile with this system, you can do so by following the link for Supplier Registration.
If you already have a supplier profile, please login to the Supplier Portal, then search for the negotiation using the reference number UNDP-HQ-01241, following the instructions in the user guide.
Islamic Sustainable Finance and Investment Expert (re-tender)
Procurement Process
IC - Individual contractor
Office
UNDP-HQ - KUWAIT
Deadline
03-Oct-24 @ 10:00 AM (New York time)
Published on
19-Sep-24 @ 12:00 AM (New York time)
Reference Number
UNDP-HQ-01241
Contact
Ms. Aida Sootbekova - aida.sootbekova@undp.org
Introduction
Country: Home-based
Description of the Assignment: Islamic Sustainable Finance and Investment Expert
Period of assignment/services: 15 working days within October-November 2024
Proposal should be submitted directly in the portal no later than indicated deadline. Any discrepancy between the unit price and the total price in the financial offer breakdown table shall be re-computed by UNDP, and the unit price shall prevail, and the total price shall be corrected. If the Offeror does not accept the final price based on UNDP’s re-computation and correction of errors, its bid will be rejected.
Any request for clarification must be sent in writing via messaging functionality in the portal. UNDP will respond in writing including an explanation of the query without identifying the source of inquiry.
Please indicate whether you intend to submit a bid by creating a draft response without submitting directly in the system. This will enable the system to send notifications in case of amendments of the tender requirements. Should you require further clarifications, kindly communicate using the messaging functionality in the system. Offers must be submitted directly in the system following this link: http://supplier.quantum.partneragencies.org using the profile you may have in the portal. In case you have never registered before, you can register a profile using the registration link shared via the procurement notice and following the instructions in guides available in UNDP website: https://www.undp.org/procurement/business/resources-for-bidders. Do not create a new profile if you already have one. Use the forgotten password feature in case you do not remember the password or the username from previous registration.
Background
Istanbul International Center for Private Sector in Development (ICPSD) is the United Nations Development Programme (UNDP) global policy center established based on the Partnership Framework Agreement signed between the Government of the Republic of Türkiye and the UNDP in March 2011. The Center supports UNDP’s global work on the private sector and foundations to become transformative partners in development through research, advocacy for inclusive business, facilitation of public-private dialogue, and multi-stakeholder partnerships. As one of UNDP’s five global thematic centers, ICPSD also has a global mandate to lead UNDP’s Islamic Finance Portfolio and supports the UNDP’s Bureau for Policy and Programme Support (BPPS) by leading UNDP’s strategic offer to partner and work with the private sector.
The Center is advocating and facilitating the contribution of the private sector to human development and inclusive growth through the following thematic priority areas:
- Private Sector Engagement through South-South Cooperation for the Sustainable Development Goals (SDGs)
- Private Sector Engagement in Skills Development
- Impact Investing
- Resilience and Crisis Response
Under its Impact Investing thematic area, ICPSD and the Islamic Development Bank (IsDB) established the Global Islamic Finance and Impact Investing Platform (GIFIIP) in 2016 to position Islamic finance and impact investing as leading enablers of SDG implementation around the world. Bringing together the private sector, governments, and key stakeholders operating in the Islamic finance and impact investing markets, the Platform aims to promote market-based solutions to sustainable development challenges. It focuses on enabling the private sector, using Islamic finance in tandem with impact investing to achieve SDGs on a global scale.
Recognizing that the principles of Islamic finance and impact investing, with their rigorous moral and social criteria, their emphasis on inclusiveness and broader understanding of business-society relations, complement each other, GIFIIP holds several capacity-building initiatives in different regions and provides technical assistance to government bodies, private sector, and financial institutions.
In 2018, UNDP ICPSD launched the Green Sukuk Initiative under GIFIIP in partnership with the Securities Commission (SC) of Malaysia and the Islamic Corporation for the Development of the Private Sector (ICD) of IsDB. The Green Sukuk Initiative aims at three goals:
Facilitating access to financing for green energy projects in developing countries and globally,
Providing financial solutions to environmental challenges, and
Expanding the role of Islamic finance in achieving the SDGs
UNDP ICPSD intends to engage a Consultant on Islamic Sustainable Finance and Investment to contribute to the Research Project which shall contain theoretical insights with practical knowledge of the industry across Islamic capital markets and banking, Green Sukuk, best practices from different jurisdictions, and case studies from various countries and institutions. The focus of this assignment will be on analyzing the role and impact of Green Sukuk in advancing sustainable financing and its contribution to achieving the SDGs, while also providing practical insights and policy recommendations for stakeholders in this field.
More details are provided in the Terms of Reference document available at Quantum supplier portal.
Thank you and we look forward to receiving your proposal