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INCEIF University

Location

INCEIF, Kuala Lumpur Malaysia

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7 Postgraduate Programmes

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About INCEIF University

INCEIF University – Overview

INCEIF University, located in Kuala Lumpur, Malaysia, is a postgraduate university established in 2005 by Bank Negara Malaysia, the country’s central bank. It received full university status from the Ministry of Higher Education in 2006. INCEIF stands for the International Centre for Education in Islamic Finance and is recognized as one of the world’s leading institutions dedicated exclusively to Islamic finance.

The university’s vision is to be the knowledge leader in Islamic finance, and its mission is to advance education, research, and professional development in this field. INCEIF bridges academic theory and real-world practice, preparing professionals, researchers, and policymakers for leadership roles in the Islamic financial services industry.

Academic Programmes and Learning Approach

INCEIF focuses solely on postgraduate education and professional training aimed at developing expertise in Islamic finance and sustainability. Its offerings include master’s and doctoral degrees—such as the MBA, PhD, and other specialised master’s programmes as well as Micro-Credentials and short certification courses for working professionals who wish to enhance their knowledge and skills in specific areas.

The programmes are designed to meet the needs of both full-time students and working professionals. INCEIF offers flexible learning options including full-time, part-time, and online modes.

A key strength of INCEIF’s academic approach is its emphasis on industry relevance. Courses are designed with direct input from industry experts, regulators, and Shariah scholars, ensuring that graduates understand both theoretical frameworks and current industry practices. The curriculum integrates Shariah principles, modern financial tools, and sustainability concepts, creating graduates who are skilled, ethical, and globally competent.

Rankings, Accreditations, and Awards

INCEIF University has earned strong recognition for its academic and research excellence.

Key achievements include:

  • AACSB Accreditation – INCEIF is accredited by the Association to Advance Collegiate Schools of Business (AACSB), placing it among the top 6% of business schools worldwide.
  • SETARA Rating – Awarded Berdaya Saing (Competitive) rating in Malaysia’s national university evaluation (SETARA 2022) by the Ministry of Higher Education.
  • MyRA Recognition – Recognized for excellence in research under the Malaysia Research Assessment (MyRA 2020).
  • ISRA Research Awards – Its research and consulting arms, ISRA Research Management Centre (ISRA RMC) and ISRA Consulting, have repeatedly received top industry honors e.g. Best Islamic Finance Research Firm and Best Islamic Consulting Firm awarded by  IFN Service Providers.

What Makes INCEIF Unique

INCEIF stands out among global universities for several reasons:

  • Exclusive Focus on Islamic Finance and SustainabilityINCEIF is the only postgraduate university in the world devoted entirely to Islamic finance and sustainability. It combines financial education with social and ethical values rooted in Shariah principles.
  • Strong Industry Connections:  Founded by Bank Negara Malaysia, INCEIF maintains close relationships with financial institutions, regulatory bodies, and international organizations. This gives students access to real-world insights, internships, and collaborative research opportunities.
  • Global Reach and RecognitionINCEIF has a diverse student and alumni network spanning over 80 countries. Its graduates work in central banks, international organizations, academia, and the corporate sector across the globe.
  • Research and Consultancy Excellence: Through its research centers such as the Centre of Excellence in Islamic Social Finance (CEISF) and the Centre of Excellence for Research and Innovation in Islamic Economics (I-RISE), INCEIF conducts high-impact research on Islamic finance, fintech, waqf, zakat, and sustainable development.
  • Integration of Sustainability and Social Impact: INCEIF promotes Islamic social finance including zakat, waqf, and charitable giving – alongside modern financial instruments. It positions Islamic finance as a tool for sustainable and inclusive economic growth.

INCEIF University is globally recognized as the knowledge leader in Islamic finance. It combines academic rigor, Shariah principles, and modern financial innovation to nurture professionals who can drive sustainable and ethical economic growth. With strong industry ties, internationally accredited programmes, and award-winning research excellence, INCEIF continues to play a pivotal role in shaping the global landscape of Islamic finance and sustainability not only in Malaysia but across the world.



About INCEIF University

INCEIF University – Overview

INCEIF University, located in Kuala Lumpur, Malaysia, is a postgraduate university established in 2005 by Bank Negara Malaysia, the country’s central bank. It received full university status from the Ministry of Higher Education in 2006. INCEIF stands for the International Centre for Education in Islamic Finance and is recognized as one of the world’s leading institutions dedicated exclusively to Islamic finance.

The university’s vision is to be the knowledge leader in Islamic finance, and its mission is to advance education, research, and professional development in this field. INCEIF bridges academic theory and real-world practice, preparing professionals, researchers, and policymakers for leadership roles in the Islamic financial services industry.

Academic Programmes and Learning Approach

INCEIF focuses solely on postgraduate education and professional training aimed at developing expertise in Islamic finance and sustainability. Its offerings include master’s and doctoral degrees—such as the MBA, PhD, and other specialised master’s programmes as well as Micro-Credentials and short certification courses for working professionals who wish to enhance their knowledge and skills in specific areas.

The programmes are designed to meet the needs of both full-time students and working professionals. INCEIF offers flexible learning options including full-time, part-time, and online modes.

A key strength of INCEIF’s academic approach is its emphasis on industry relevance. Courses are designed with direct input from industry experts, regulators, and Shariah scholars, ensuring that graduates understand both theoretical frameworks and current industry practices. The curriculum integrates Shariah principles, modern financial tools, and sustainability concepts, creating graduates who are skilled, ethical, and globally competent.

Rankings, Accreditations, and Awards

INCEIF University has earned strong recognition for its academic and research excellence.

Key achievements include:

  • AACSB Accreditation – INCEIF is accredited by the Association to Advance Collegiate Schools of Business (AACSB), placing it among the top 6% of business schools worldwide.
  • SETARA Rating – Awarded Berdaya Saing (Competitive) rating in Malaysia’s national university evaluation (SETARA 2022) by the Ministry of Higher Education.
  • MyRA Recognition – Recognized for excellence in research under the Malaysia Research Assessment (MyRA 2020).
  • ISRA Research Awards – Its research and consulting arms, ISRA Research Management Centre (ISRA RMC) and ISRA Consulting, have repeatedly received top industry honors e.g. Best Islamic Finance Research Firm and Best Islamic Consulting Firm awarded by  IFN Service Providers.

What Makes INCEIF Unique

INCEIF stands out among global universities for several reasons:

  • Exclusive Focus on Islamic Finance and SustainabilityINCEIF is the only postgraduate university in the world devoted entirely to Islamic finance and sustainability. It combines financial education with social and ethical values rooted in Shariah principles.
  • Strong Industry Connections:  Founded by Bank Negara Malaysia, INCEIF maintains close relationships with financial institutions, regulatory bodies, and international organizations. This gives students access to real-world insights, internships, and collaborative research opportunities.
  • Global Reach and RecognitionINCEIF has a diverse student and alumni network spanning over 80 countries. Its graduates work in central banks, international organizations, academia, and the corporate sector across the globe.
  • Research and Consultancy Excellence: Through its research centers such as the Centre of Excellence in Islamic Social Finance (CEISF) and the Centre of Excellence for Research and Innovation in Islamic Economics (I-RISE), INCEIF conducts high-impact research on Islamic finance, fintech, waqf, zakat, and sustainable development.
  • Integration of Sustainability and Social Impact: INCEIF promotes Islamic social finance including zakat, waqf, and charitable giving – alongside modern financial instruments. It positions Islamic finance as a tool for sustainable and inclusive economic growth.

INCEIF University is globally recognized as the knowledge leader in Islamic finance. It combines academic rigor, Shariah principles, and modern financial innovation to nurture professionals who can drive sustainable and ethical economic growth. With strong industry ties, internationally accredited programmes, and award-winning research excellence, INCEIF continues to play a pivotal role in shaping the global landscape of Islamic finance and sustainability not only in Malaysia but across the world.



University information

267
NA
100%
178
NA
100%
43
65%
35%

Cost of Living

Typical costs in Kuala Lumpur

  • Rent (1-bed apartment in city centre): about RM 2,300-2,500/month
  • Rent (1-bed outside centre): about RM 1,400-1,700/month
  • Local transport (one-way public transport ticket): approximately RM 3
  • Monthly public transport pass: around RM 50-100
  • Typical meal at inexpensive restaurant: about RM 20
  • Monthly utilities (electricity, water, garbage) for a ~915 sq ft apartment: about RM 250-300
  • Average cost for a single person including rent: about USD 1,200/month (~RM 5,600/month depending on exchange).

Student-Budget Considerations

  • If you stay in shared accommodation or slightly outside the city centre, your rent may be considerably lower than the city-centre figures.
  • Being close to public transport (LRT/MRT) helps reduce commuting costs.
  • Eating at local cafés or food courts is much cheaper than premium restaurants—helpful for budgeting.
  • Note: some sources suggest students living more frugally (excluding high-rent, premium lifestyle) might manage on RM 800-1,500/month (excluding big extras). 

Things to watch

  • Rent accounts for a large portion of expenses in Kuala Lumpur.
  • Location matters a lot — city-centre vs. suburban makes a big difference in cost and convenience.
  • Additional costs like health insurance (for international students), visa requirements, furnished vs unfurnished housing can vary.
  • Your lifestyle choices (frequent dining out, travel, shopping) will raise costs.

Accommodation
$3,070
Food
$2,290
Transport
$140
Utilities
$1,110

Scholarships

Selecting the right scholarship can be a daunting process. With countless options available, students often find themselves overwhelmed and confused. The decision can be especially stressful for those facing financial constraints or pursuing specific academic or career goals.

To help students navigate this challenging process, we recommend the following articles:

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INCEIF University basic 6 no 178 S 20751030