The Central Bank, Maldives Monetary Authority (MMA) has invited applications for 35 higher education scholarships in Islamic finance.
The MMA Tamweel Islamic Finance Initiative is a strategic programme launched with the aim of strengthening and advancing the Islamic finance sector in the Maldives. The initiative will focus on the long-term development of capacity within the industry by facilitating education, awareness, and specialised training programmes.
By prioritising financial literacy, awareness, and capacity development, this initiative is expected to contribute to the aim of transforming the Maldives into a regional hub for Islamic finance.
Under this initiative, MMA has invited applications for 35 different programmes from Malaysia’s the International Centre for Education in Islamic Finance (INCEIF) and Universiti Islam Selangor (UIS).
The scholarships are open for Maldivians only and programs available are:
Executive Masters in Islamic Finance (eMIF) by INCEIF University, Malaysia:
- Fully funded: 5 opportunities
- Partially funded (50%): 5 opportunities
Micro-Certification from eMIF by INCEIF University, Malaysia:
- 5 opportunities
Certificate in Shariah Economics for Banking & Finance (CSEBF) by UIS Malaysia:
- 20 opportunities
The eligibility criteria for students applying for the scholarship are posted on the MMA website. MMA said each application is limited to one full-time scholarship programme.
The scholarship selection process will be based on a combination of merit and financial need, MMA said.
Applicants may be considered for full or partial funding, subject to an additional evaluation process that includes a thorough assessment of financial need and social background.
Interested students can submit applications via the links posted on MMA’s website before midnight on 17 July.