7 companies claim for services of Islamic banking introduction in Azerbaijan’s largest bank
Baku, Fineko/abc.az. Acceptance of documents for the International Bank of Azerbaijan’s tender for creation of a specialized company to render Islamic banking services has been finished.
The IBA, citing Behnam Gurbanzade, head of the working group on Islamic banking introduction in the IBA, informs that they obtained eight packages of documents, but the final part was allowed only 7 companies, as one of the tender participating companies failed to meet fully the tender conditions.
"On 6 June 2011, the IBA head office will carry out opening of envelopes with the tender bids, and the tender commission will begin work on the evaluation of bids. After the tender commission studies the bids, the IBA will notify officially the winner company.
For 5 working days the Bank will sign a contract with the winner for consulting services, and joint work of the consultant and Bank’s working group will begin within a week. We’re planning to complete the first phase of the project in summer, and present in autumn 2011 a specialized company to provide Islamic banking services and products,” Gurbanzadeh said.
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