Engagement of Shariah-Compliant Takaful Company for Interest-Free Housing Loan Scheme Risk Coverage

This tender invites reputable Shariah-compliant Takaful companies in Peshawar to provide risk coverage services for the Government of Khyber Pakhtunkhwa's interest-free housing loan scheme. The scheme is implemented through Akhuwat Islamic Microfinance and requires coverage for death, permanent total disability, force majeure events, and loan default, ensuring comprehensive protection for beneficiaries. The scope includes technical and financial evaluation based on strict criteria such as valid registration with SECP, FBR, and KPRA, a minimum of three years' relevant Takaful or insurance management experience, audited financial statements for the last three financial years, and submission of a non-blacklisting affidavit along with required HR and IT capacity. The tender documents and Terms of Reference (TORs) are accessible via the KPHA website and KP-PPRA/KP-EPADS portals. Bidders should ensure compliance with all regulatory requirements including PEC category where applicable, and maintain active FBR/ATL status for the financial year 2025-26. This is crucial for eligibility and smooth processing of bids. The tender emphasizes the importance of submitting complete and compliant documentation to avoid disqualification. The submission deadline is set for 04 February 2026 at 11:00 AM, with technical bids opening at 11:30 AM on the same day at the office of the Director General, Khyber Pakhtunkhwa Housing Authority, ATI Campus, University Road, Peshawar. Only online submissions through KP-EPADS will be accepted; no physical or email submissions are allowed. Pro-Tip: Make sure to attend the pre-bid meeting on 28 January 2026 at 12:00 PM to clarify any queries and understand the evaluation criteria thoroughly. Also, double-check the online submission portal for any last-minute updates or addenda to the RFP documents.