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Welcome to INCEIF University
Join a globally recognised institution in Islamic finance education. INCEIF is among the top 6% of business schools worldwide accredited by AACSB.
As the only postgraduate university dedicated exclusively to Islamic finance and sustainability, we offer unparalleled expertise and opportunities. Enquire about our programmes today!
Explore INCEIF’s Scholarships and Financial Aids
Types of Scholarships
PhD programmes
Chancellor’s Scholarship
Coverage
- Full tuition fees
- Monthly stipend of RM2,500 (for 3 years)
- Student Service Fee
- Visa fee (including medical check-up and takaful)
Eligibility
- Offer of admission to INCEIF’s full-time PhD programme
- Not currently receiving other financial aid or scholarships
- Willing to serve as a Graduate Academic Assistant at INCEIF University
Master programmes
President’s Scholarship
Coverage
- Full tuition fees
- Student Service Fee
- Visa fee (including medical check-up and takaful)
Eligibility
- Offer of admission to INCEIF’s full-time MSc / MIFP / MBA (Sustainable Business) programme
- Not currently receiving other financial aid or scholarships
- Under 40 years of age at the time of application
Master programmes
LEAD Scholarship
Coverage
- Full tuition fees
Eligibility
- Only for new applicants (not existing students)
- Applicant or guardian’s monthly income up to RM5,249 (or equivalent)
- Completed a bachelor’s degree
- Enrolled full-time in the specified programme
Why Choose INCEIF University?
World Class
INCEIF is the first Islamic Finance postgraduate university in the world to be accredited by Association to Advance Collegiate Schools of Business (AACSB), placing us among the top 6% of business schools globally.
Industry-Focused
Our curriculum is centered on innovation and leadership within the industry, bridging the gap between academic theory and practical industry applications.
Global Network
With alumni from over 89 countries, INCEIF enjoys a global visibility and creates global impact in Islamic finance and sustainability.
Flexible Learning
Designed for fresh graduates and working professionals, our programmes offer part-time, full-time, and online options to fit your schedule.
What Kind of Financial Aid Can You Get?
Our diverse range of scholarships and financial aid options are designed to support and empower students from various backgrounds, ensuring that you have the resources needed to focus on what truly matters: your education and your future. Explore our opportunities and discover how we can help you turn your aspirations into reality.
Eligible recipients may receive tuition fee coverage of up to 43%, or a maximum of RM14,580, applicable to the course fee for the registered semester.
Coverage
- Up to six course fees (limited to one course fee per semester) – for Master’s and PhD (Coursework & Dissertation).
- Up to six semesters (limited to 30% of the course fee per semester) – for PhD (Research).
Who's Eligible?
The INCEIF Bursary is open to both new and current/continuing students enrolled in selected postgraduate programmes at INCEIF University.
For New Students
- Selection is based on academic merit, with a minimum CGPA of 3.00 at the Bachelor’s or Master’s degree level (or equivalent).
- Must have received an offer of admission into the eMIF, MSc, MIFP, MBA, or PhD programme.
For Current/Continuing Students
- Eligible only for students currently enrolled in the eMIF, MSc, MIFP, MBA, or PhD programmes.
- Open to students who are not receiving any other form of financial assistance.
- Selection is based on academic merit, with a minimum CGPA of 3.00 at the Bachelor’s or Master’s degree level (or equivalent).
To Remain Eligible for the INCEIF Bursary
Students must register for the semester and consistently meet the academic requirements throughout the approved coverage period of up to six course fees/semesters
- Must have passed all registered courses in the previous semester (for MIFP/eMIF).
- Must achieve a minimum CGPA of 3.30 in the previous semester (for MSc/MBA).
- Must achieve a minimum CGPA of 3.50 in the previous semester (for PhD).
Available exclusively for Islamic Finance studies at INCEIF, whether you’re pursuing a Professional Certificate, Master, or PhD — part-time or full-time.
- Education Financing up to RM100,000.00 & up to 10-year tenure.
- Flexible repayment: Payment option of monthly profit servicing for the first 3 years.
- Eligible Malaysian students aged 18 and above with a minimum total income of RM3,000.00
Apply through any Bank Muamalat branch or online via the Muamalat Application Platform (MAP). Click Here
INCEIF’s Zakat fund, known as ISRA INFAQ FUND (ISHRIF), offers one-time financial assistance to:
- INCEIF University students.
Key details
- One-time payment (no reimbursements).
- Assessed based on Had Kifayah principles, household income, number of dependents, applicant’s background, and study status.
- Availability and deadlines are updated regularly on the ISHRIF portal.
Explore Other Postgraduate Scholarships
Ready to Apply?
January 2026 Intake
For application or any enquiries, please share your details in the form above and our Scholarship and Financial Assistance Unit will contact you.
Real Stories, Real Impact
“
Course: Masters in Islamic Finance Practice (2024)
Current role: Researcher at BAZNAS (The National Zakat Board of Indonesia)
”
Tri Alfiani
President’s Scholarship RecipientCourse: Masters in Islamic Finance Practice (2024)
Current role: Researcher at BAZNAS (The National Zakat Board of Indonesia)
Receiving the INCEIF President’s Scholarship was both a blessing and a responsibility. It validated my passion for Islamic finance and my intention to contribute meaningfully to the ummah
The scholarship empowered me to pursue advanced education without financial burden and affirmed that my efforts and purpose were recognised
“
Course: Masters in Islamic Finance Practice (2021)
Current role: Finance Digital, Petroliam Nasional Berhad
”
Isyraf Masiri
President’s Scholarship RecipientCourse: Masters in Islamic Finance Practice (2021)
Current role: Finance Digital, Petroliam Nasional Berhad
Personally, the President's scholarship provided crucial financial relief. It significantly eased the burden of tuition fees and other educational expenses, allowing me to focus more on my studies rather than being constantly worried about financial constraints
“
Course: MBA (Sustainable Business) (2023)
Current role: Head of Department, National Development Institution
”
Nursalim Suleimenov
President’s Scholarship RecipientCourse: MBA (Sustainable Business) (2023)
Current role: Head of Department, National Development Institution
During my time at INCEIF, some of the most valuable experiences included engaging with highly experienced faculty members, collaborating on projects with students from diverse backgrounds, and attending seminars and conferences that broadened my perspective on global Islamic finance trends.
These experiences not only enriched my academic understanding but also contributed significantly to my personal and professional growth.
Awards and Recognitions
INCEIF University is proud to be recognised as one of the top Islamic finance universities in the world.
AACSB International Accreditation 2018
MQA Accreditation 2024
Berdaya Saing (Competitive) SETARA rating 2022
MyRA 4 Star recognition