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Kuala Lumpur, 2 July 2025 – A total of 15 scholarships to pursue INCEIF University’s Executive Masters in Islamic Finance (eMIF) and eMIF Micro-Certification are being offered to Maldivians by the country’s central bank Maldives Monetary Authority (MMA).
The scholarship offer is in conjunction with the launch of the MMA Tamweel Islamic Finance Initiative, a strategic programme aimed at strengthening and advancing the Islamic finance sector in the Maldives.
According to MMA, this initiative was designed to support the long-term development of industry capacity through education, awareness, and specialised training programmes. By equipping individuals and institutions with the necessary tools, knowledge, and resources, the initiative seeks to foster a robust and sustainable Islamic finance ecosystem.
The term “Tamweel”, an Arabic word, signifies funding, financing, or investment, reflecting the initiative’s core mission to empower professionals, institutions, and the broader community with opportunities for growth and development in Islamic finance. As the Maldives continues to expand its Islamic financial sector, the need to build capacity among industry professionals and stakeholders has become increasingly critical.
The MMA Tamweel Initiative, launched last February by Maldives’s Minister of Islamic Affairs Dr Mohamed Shaheem Ali Saeed, will provide a structured framework for nurturing talent, enhancing institutional capabilities, and driving innovation in Islamic finance. Through targeted educational programs, awareness campaigns, and strategic investments in capacity-building, the initiative aims to position the Maldives as a regional leader in Islamic finance.
As part of this initiative, MMA has introduced the MMA Tamweel Scholarships for the INCEIF eMIF and eMIF Micro-Certification, further reinforcing its commitment to industry development through high-quality education and professional training. This programme offers the convenience of personalised education at one’s own pace. Learners embark on a continuous upskilling journey without the worry of a long-term commitment while maintaining a work-life balance.
INCEIF Deputy Dean Academic & Dean of The School of Graduate and Professional Studies Prof Dr Mansur H. Ibrahim congratulated MMA on the initiative, and reiterated INCEIF’s continued commitment to support capacity building for Maldives specifically, and the region in general, as the nation sets its sight to be an important centre for Islamic finance.
Since 2014, INCEIF has been sharing its knowledge with various parties in Maldives in developing the country’s Islamic finance industry through capacity and capability building. INCEIF had worked with Maldives’ Capital Market Development Authority and in collaboration with Islamic University of Maldives, to offer opportunities for Maldivians to pursue the Masters in Islamic Finance Practice in Male. The first batch of students, who began the programme in 2014, have graduated in 2016.
Over the years, INCEIF has also honoured a number of best students from among a small yet growing number of Maldivians who have since successfully established their Islamic finance careers in Maldives and in other jurisdictions.
For information on the scholarships, click here.
Submission before 17 July 2025 Submit applications via the following links: – EMIF – https://forms.office.com/r/3F3cxzC3fG – Micro-Certification – https://forms.office.com/r/XEvpX5xxwL
For inquiries: 3310508, Maldives Monetary Authority
Email: [email protected]
Website: www.mma.gov.mv