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| Master & PhD Scholarships in Islamic Finance and Business Administration at INCEIF University, Malaysia |
Praise be to Allah.. After a long period of not posting, I would like to take this opportunity to share information about scholarships offered by one of Malaysia's government-owned universities, the International Centre for Education in Islamic Finance (INCEIF University). INCEIF is among the top 6% of business schools worldwide accredited by the Association to Advance Collegiate Schools of Business (AACSB).
As the only graduate university dedicated exclusively to Islamic finance and sustainability, INCEIF offers unparalleled expertise and opportunities. We will list the available study programs first, so if you find them irrelevant, you don't have to read this article to the end.
Master's and Doctor of Philosophy Programs Available at INCEIF
- Master of Science in Islamic Finance (MSc)
- MBA (Sustainable Business)
- Master's in Islamic Finance Practice (MIFP)
- PhD in Islamic Finance (by Research)
- PhD in Islamic Finance (by Coursework & Dissertation)
- Industrial PhD – Islamic Finance
- PhD in Applied Muamalat (Economics & Finance)
Types of Scholarships for International Students Available at INCEIF University
1. Chancellor's Scholarship*
- This scholarship includes free tuition and a monthly stipend of 2,500 Malaysian Ringgit (approximately US$630).
- Recipients of this scholarship are required to teach as a teaching assistant or as a research assistant to a professor.
- Exclusively for the PhD program in Islamic Finance.
2. President's Scholarship*
- This scholarship covers 100% of tuition fees without a monthly stipend. This means that recipients must still cover their own living expenses while studying in Kuala Lumpur.
- Applicable for PhD in Applied Muamalat, MSc, MIFP, and MBA programs.
3. INCEIF Bursary*
- This scholarship covers up to 57% of tuition fees.
*Due to the large number of applicants, there is no guarantee that those who receive a Letter of Acceptance (LoA) will also receive a scholarship. Some time after receiving your Offer Letter (LoA), you will receive a follow-up email regarding a scholarship interview to determine your eligibility as a scholarship recipient. Based on our experience, registration to obtain a LoA is free.
Required Documents:
1. Active Passport
2. Formal Photograph with a neutral background (white/red/blue)
3. Curriculum Vitae (CV)
4. Original Diploma and English Translation (Bachelor's and/or Master's)
5. Original Transcript and English Translation (Bachelor's and/or Master's)
6. IELTS/TOEFL iBT English Language Certificate
7. Sample of published scientific works
8. Research proposal (for research programs)
Terms and Conditions of Admission:
1. English Language Proficiency Requirement for most programs: IELTS band 6.0 or TOEFL iBT 79.
2. Exceptions are granted to international students from English-speaking countries or who obtained their previous academic degree in English.
3. For the Doctor of Philosophy in Applied Muamalat Program, proposals and dissertations can be written in Malay, English, and Arabic.
4. Special Requirements for PhD in Applied Muamalat: English IELTS 6.0 / TOEFL 79 iBT / exception or Arabic: Native speaker, graduate with Arabic as the language of instruction, or IELTS Band 4.0 / TOEFL 400.
5. Scholarship registration is concurrent with program registration.
6. Application Deadline for September intake is on May 31, 2026.
7. Registration website: https://apply.inceif.edu.my/register
Contact
Email: enquiries@inceif.edu.my
This is the information we can share. We hope this is helpful.
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Palangka Raya City, Indonesia
May 25, 2026
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