The Maldives Monetary Authority (MMA) has opened applications for its 2025 Tamweel Islamic Finance Scholarship, offering a range of fully and partially funded opportunities for Maldivians seeking to pursue studies in Islamic finance.
Introduced as part of MMA’s broader Islamic Finance Initiative, the scholarship aims to strengthen the domestic capacity of the sector through specialised education and training. The programme is a collaboration with Malaysia-based institutions, including the International Centre for Education in Islamic Finance (INCEIF) and Universiti Islam Selangor (UIS).
A total of 35 scholarship opportunities are available across three programmes. These include five fully funded and five partially funded seats for the Executive Masters in Islamic Finance (eMIF) at INCEIF, five places for micro-certification short courses also from INCEIF, and 20 places for the Certificate in Shariah Economics for Banking & Finance (CSEBF) offered by UIS.
The eMIF is a one-and-a-half-year online postgraduate programme, designed for professionals aiming to deepen their understanding of Shariah-compliant financial practices. The micro-certification courses, spanning 17 weeks, cover topics ranging from Islamic capital markets and Shariah rules to risk management and business strategy. The CSEBF programme focuses on Shariah economics tailored to the banking and finance industry.
Applicants must be Maldivian citizens aged between 18 and 40. Eligibility for the Executive Masters programme requires a bachelor’s degree in a relevant field, English language proficiency, and preferably employment in a related sector. Requirements for the micro-certification programme include A-Level passes in specific subjects such as Economics, Business, Accounting or Mathematics.
The deadline to submit applications is 17 July 2025 at 11:59pm. Applications must be completed online through links provided by MMA. Selection will be based on academic merit, financial need, clarity of career goals, and the applicant’s potential contribution to the Islamic finance sector. An interview will be part of the evaluation process.
MMA has stated that successful candidates will be required to sign an agreement outlining the terms of the scholarship, including any post-study service commitments as determined by the authority.
