Shariah Scholarship Award

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The Shariah Scholarship Award is aimed at enlarging the pool of Shariah scholars who are well-equipped with the necessary knowledge and competencies in both Shariah and Islamic finance.

The Scholarship is available to qualified candidates pursuing the following:

  • Post-graduate (Masters or Doctorate) study at recognised institutions of higher learning in the field of Shariah, specializing in fiqh muamalat; OR
  • Certified Islamic Finance Professional (CIFP) programme conducted by the International Centre for Education is Islamic Finance (INCEIF).


  • The Scholarship is open to citizens of all countries.
  • Applicants are required to have a bachelor's degree in Shariah studies from a recognised institution of higher learning, achieving at least a Second Class Upper or its equivalent. For the CIFP Scholarship, a special consideration will be accorded to those with a diploma (or its equivalent) in Shariah studies, but they must have at least 5 years working experience in the financial industry.
  • Applicants are also expected to have secured admission to EITHER a Masters or Doctorate programme in Shariah, specializing in fiqh muamalat, at a recognised institution of higher learning, in a full-time programme, OR the CIFP programme conducted by INCEIF.
  • Current students enrolling in the specified programmes at recognised institutions of higher learning may also apply for the scholarship.
  • Applicants should not be in receipt of any other scholarship awards.

    Award Package

    Post-Graduate Scholarship

    The Post-Graduate Scholarship will cover the approved tuition and examination fees, and the recipient will be provided a quarterly subsistence allowance.

    Where and when applicable, other allowances such as for books and equipment, approved return air fare, warm clothing, relocation, end of study and thesis/dissertation completion, will also be provided.

    CIFP Scholarship

    The CIFP Scholarship will cover the registration and approved examination fees. In addition, the recipient will also be paid a study allowance.

    Special Note: There is no employment bond attached to either scholarships.

    Deadline: Applications are invited and accepted throughout the year. However, application received will be evaluated twice a year (31st December and 30th June every year or as advertised).

    Email: shariahfund [at]

    For more information and application, please visit: Shariah Scholarship Award

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