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INCEIF | The Global University of Islamic Finance

INCEIF, founded by Bank Negara Malaysia (Central Bank of Malaysia), aims to develop a globally competitive and sustainable talent pool of Islamic finance experts to drive innovation and elevate the performance of the industry. Through its specialised academic programmes, customised executive education and industry-focused applied research, INCEIF’s vision is to become a knowledge leader in Islamic finance. It is the first and only university in the world dedicated to Islamic finance studies. Collaborating with partners from diverse industries globally, INCEIF continues to develop initiatives that support Islamic finance core principles of socio-economic empowerment and a just financial system.

The university has actively participated in initiatives to encourage policy change to directly impact the society’s well-being by utilising Islamic finance through Islamic Social Finance, Responsible and Sustainable Finance in the context of UN Sustainable Development Goals (SDGs) and Bank Negara Malaysia’s Value-based Intermediation (VBI) framework for the Islamic banking industry.


When exceptional minds embrace knowledge they have the potential to innovate in a progressive, inclusive and sustainable manner.

INCEIF has set new benchmarks in sustainable enterprise while advancing the industry. With the Master of Business Administration (MBA) programme, you can harness your intellectual prowess for your professional development in addition to fostering progress in sustainable business.

Designed by renowned academicians and industry leaders from both conventional and Islamic finance. The modular structure of this programme allows you to balance your personal and professional commitments, while moving forward in your career. The multifaceted MBA programme imparts comprehensive knowledge in many core areas including but not limited to personnel and business management, strategic planning, marketing, data analytics and sustainability in management and investment

Upon successful completion of the course you will have acquired an understanding of various aspects of Islamic finance. You will be equipped to formulate innovative, inclusive and sustainable business solutions, while using digitisation to your advantage, with integrity and in full compliance with legal frameworks, good governance practices and Shariah.


MBA requires completion of 9 core courses, 3 elective courses and a Practice Paper.

Total Credit Hours: 42

(27 Credit hours)

  • Managing People and Organisations
  • Financial Analysis and Valuation
  • Data Analytics for Business
  • Ethics and Professionalism
  • Marketing Management and Strategy
  • Entrepreneurship and Innovation
  • Business Strategy and Policy
  • Sustainability Management and Investment
  • Action Based Learning

(9 credit hours)

  • Managing Halal Products and Services
  • Audit and Compliance
  • Business Economics
  • Social Finance
  • Islamic Capital Market
  • Portfolio Management
  • Monetary Economics
  • Risk Management in Islamic Financial Institutions
  • International Finance
  • Accounting for Islamic Financial Transactions
  • Islamic Insurance
  • Financial Modelling
  • Wealth Planning Management
  • Islamic Banking Practices

(6 credit hours)

Action Based Learning (ABL)

ABL provides an innovative approach to learning by setting practical tasks and activities for students to complete in a real workplace. This will provide students with the opportunity to translate their academic-based knowledge into action by solving real business issues or developing new solutions for the industry.


  • IAP Sdn Bhd
  • OCBC Al Amin Berhad
  • Malaysian Takaful Association
  • Bank Muamalat Indonesia
  • EcoKnights
  • Ethis Ventures Sdn Bhd
  • AmMetLife Takaful Berhad
  • QSR Brands (M) Holdings Berhad
  • Etiqa Takaful
  • Lembaga Zakat Negeri Kedah
  • Malaysian Takaful Association
  • PruBSN Takaful
  • United Overseas Bank (Malaysia) Berhad



Full Time

  • Minimum 1 ½ years, Maximum 2 years

Part Time

  • Minimum 2 years, Maximum 3 years
Intakes are in January, June and September.


Bachelor's degree in Muamalat and recognized Islamic Finance or equivalent obtaining at least CGPA 2.50 out of 4.00;

Candidates with CGPA of below 2.5 but above 2.0, with a Bachelor degree from other fields, or Diploma / STPM / Matriculation / A-level holder or equivalent, may be considered subject to additional internal assessments;

Accreditation of Prior Experiential Learning (APEL)

  • Malaysian applicants aged 30 years and above, holding Diploma/STPM/Matriculation/A-level or equivalent, may apply by submitting the certificate of Accreditation of Prior Experiential Learning (APEL) from Malaysian Qualifications Agency (MQA).

English proficiency:

  • Malaysian University English Test (MUET): Band 4 and above; or
  • IELTS - band 6; or
  • TOEFL: 550 (PBT), 79 (IBT) and above


  • Candidates from native English speaking countries
  • Candidates with academic qualifications from institutions using English as the full medium of instruction


Their main objective is to provide an outstanding educational experience for all our students


The MBA programme offered by INCEIF is unique, in the sense that it goes beyond conventional business administration. I am now learning how to apply this knowledge in the Islamic finance context, in a manner that meets Halal standards. I feel very happy to have chosen this course from INCEIF, and I feel certain that it will open many doors of opportunity in my professional life.

Muhammad ‘Arif Hodori

Management Associate, United Overseas Bank Limited

I found out that INCEIF has a very strong faculty consisting of outstanding academicians and industry players, great programmes with fantastic course structures delivered via various methods e.g. mini case study, group project, video, briefing by industry players, inter-varsity debate, etc. The frequent industry talks provide an avenue for students to have a better understanding of the opportunities and challenges in Islamic Finance, latest industry trends, update research works, regulatory expectation and exchanges of ideas. I visited the KMC and I really love its huge physical and online collections of resources. The diversity of students provide a good mix of cultures, respect, integrity and most of all we are united by our passion for Islamic Finance. I end up learning a ton from others. I have met some of my good friends here that I will have for the rest of my life.

Foo Toon Yin

Senior Internal Shariah Audit Manager, HSBC Bank Malaysia Berhad


International Centre for Education in Islamic Finance (INCEIF)
Company No. 200501036588 (718736-K) 
Lorong Universiti A, 59100 Kuala Lumpur, Malaysia.

t : +603 7651 4000    |   f : +603 7651 4094     |   
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