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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. BestIslamic 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 Sustainability: INCEIF 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 Recognition: INCEIF 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. BestIslamic 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 Sustainability: INCEIF 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 Recognition: INCEIF 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.
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:
INCEIF University
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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:
What Makes INCEIF Unique
INCEIF stands out among global universities for several reasons:
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:
What Makes INCEIF Unique
INCEIF stands out among global universities for several reasons:
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.
Available programmes
Business and Management (1)
Executive Masters In Islamic Finance
Executive Masters In Islamic Finance
Master of Science in Islamic Finance
Master of Science in Islamic Finance
Masters in Islamic Finance Practice
Masters in Islamic Finance Practice
Full-Time MBA (1)
MBA (Sustainable Business)
MBA (Sustainable Business)
Business and Management (1)
Industrial PhD - Islamic Finance
Industrial PhD - Islamic Finance
PhD in Islamic Finance
PhD in Islamic Finance
PhD in Islamic Finance (By Research)
PhD in Islamic Finance (By Research)
University information
Cost of Living
Typical costs in Kuala Lumpur
Student-Budget Considerations
Things to watch
Accommodation
Food
Transport
Utilities
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:
How to get a full scholarship
Looking for a fully-funded scholarship to see you into university? Find out how to boost your chances of getting one.
Scholarships to study abroad
Find scholarships to study abroad with our lists of international scholarships – categorized by country, by subject, and by type of student.
Scholarship Applications: Frequently Asked Questions
Get answers to all your questions about scholarship applications, including tips on how to find scholarships and chances of success.
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