Advance Tuition Payment and College Savings Consulting Services

A government authority in Washington requires a vendor to provide advance tuition payment and college savings consulting services. The buyer needs the consultant to evaluate the program's legal structure, governance, participant contracts, and investment characteristics against established Islamic finance principles. The selected vendor must identify features presenting Shariah compliance concerns, assess if the program serves as a Shariah-compliant education savings option, note interpretive variations among scholars, and evaluate participant-driven transactions. Additionally, the consultant must recommend further analyses, operational modifications, or disclosures, and state the feasibility of seeking formal Shariah certification. Eligible bidders must be USA-based onshore organizations. The vendor will perform all work offsite at its own office premises. The buyer hosts a virtual pre-bid conference on September 21, 2026, and sets the deadline for questions on October 7, 2026. The buyer seeks proposals for the budget and has not provided a specific dollar amount.