Are you searching for fully funded scholarships for international students in Malaysia? The INCEIF University President Scholarship 2025 is one of the premier options for aspiring Master’s students interested in Islamic finance and sustainable financial systems. This comprehensive, SEO-optimized guide provides all the essential details: eligibility, how to apply, covered programs, costs, and expert application tips for both domestic and international students.
Basic Information about the INCEIF President’s Scholarship
- Scholarship Name: INCEIF University President Scholarship 2025
- Host Institution: INCEIF University (International Centre for Education in Islamic Finance)
- Study Location: Kuala Lumpur, Malaysia
- Level: Master’s Degree
- Application Deadline: 5 October 2025
- Eligibility: Open to Malaysian and international students.
- Funding: Fully Funded (covers tuition, mandatory fees, visa, and more).
The INCEIF President Scholarship is offered to aspiring finance leaders globally, removing financial barriers for exceptional students. Its focus on Islamic finance makes it unique among Malaysian and international scholarships.
University/Institution Details
- INCEIF University was established by Bank Negara Malaysia to be a global center for excellence in Islamic finance education.
- Location: Jalan Tun Ismail, Kuala Lumpur – in the heart of one of Southeast Asia’s most vibrant financial hubs.
- Accolades: AACSB-accredited; recognized globally.
- Mission: To create visionary and ethical leaders for the global Islamic finance industry while promoting sustainability and innovation.
- Community: International student body, advanced research environment, and deep industry links.
Study Areas (Available Program Names)
INCEIF University specializes in postgraduate programs focused on Islamic finance and allied business disciplines:
- Master in Islamic Finance Practice (MIFP)
- Master of Science in Islamic Finance (MSc)
- Master of Business Administration (MBA) with a focus on Islamic Finance
All programs are full-time on-campus courses taught by leading local and international faculty. They blend academic learning and industry engagement for careers in finance, banking, consultancy, fintech, and policy.
Scholarship Benefits
The INCEIF President’s Scholarship is one of Malaysia’s most comprehensive scholarships for Master’s students:
- Full tuition waiver for all semesters.
- Waiver of student service fees.
- Coverage of visa application, processing fees, and related medical check-up costs.
- Takaful (insurance) coverage during studies.
- Coverage of orientation or registration fees.
- Focus on supporting high-quality financial education without the burden of financial stress.
Key Features:
- No repayment or service bond required.
- Support for international students with visa, medical, and insurance included.
Benefits Not Included
- Airfare and travel expenses to/from Malaysia.
- Personal living expenses (housing, food, entertainment, transportation).
- Expenses for dependents or family members.
- Cost of personal items, textbooks outside the official curriculum, laptop.
- Additional health insurance or medical coverage beyond that provided.
Applicants must plan for their day-to-day living costs as the scholarship does not include a cash stipend for living expenses.
Eligibility Criteria for INCEIF President’s Scholarship
To qualify for the 2025 intake, candidates must:
- Hold a minimum CGPA of 3.00 at the Bachelor’s degree level or equivalent.
- Secure unconditional admission to the INCEIF MSc, MIFP, or MBA program (full-time).
- Be under 40 years of age at the time of application.
- Not receive any other form of scholarship or financial aid (duplication leads to ineligibility).
- Demonstrate potential to complete the program in the standard period.
- Submit a compelling application and supporting documents.
- International and Malaysian students are both eligible.
Required Documents for the Application
Prepare these documents for a complete application:
- Fully completed INCEIF admission and scholarship application forms.
- Official academic transcripts and degree certificates (certified).
- Copy of valid passport.
- Curriculum Vitae (CV)/Resume.
- Personal statement outlining motivation, academic objectives, and interest in Islamic finance.
- Two recommendation letters (academic/professional).
- English language proficiency certificate (IELTS, TOEFL, or equivalent if required).
- Medical report (may be required during admission or visa processing).
Confirm any additions or requirements specific to your nationality or field with the admissions office before submission.
Application Process (Step-by-Step Guide)
Follow these steps to maximize your application’s success:
- Review All Eligibility Criteria: Check if your academic record, age, and program interest fit requirements.
- Apply for INCEIF Admission: Initiate an online application to the MSc, MIFP, or MBA program.
- Prepare Documents: Collect and scan all required supporting documents (see above).
- Fill Out the Scholarship Application: Complete the specified form, usually separate from initial program admission.
- Submit the Application: Upload documents and submit both admission and scholarship applications by 5 October 2025.
- Application Review: All submissions will be reviewed for academic merit, leadership potential, and supporting documentation.
- Shortlisting and Interview (if required): Some applicants may be invited for interviews or to submit further clarification.
- Scholarship Award Notification: Successful applicants are notified by email with next steps for university enrollment and visa processing.
- Enrollment and Onboarding: Complete university registration, secure accommodation, and prepare for arrival in Malaysia.
Tips for a Successful Application
- Start Early: Allow ample time to collect transcripts, recommendations, and English certificates.
- Personalize Your Statement: Clearly link your skills, experience, and ambition with INCEIF’s mission and programs.
- Demonstrate Leadership: Extra-curricular, work experience, or volunteer roles help your application stand out.
- Proof of Academic Excellence: Highlight exceptional grades, awards, or achievements.
- Strong Recommendations: Request letters from individuals who know your qualifications and work ethic closely.
- Double-Check Forms: Inaccurate or incomplete applications risk disqualification.
- Apply Before Deadline: Don’t wait until the last minute—late or incomplete applications are not accepted.
Monthly Living Expenses for International Students (in USD)
Living in Kuala Lumpur is more affordable than many global capitals, but careful budgeting is essential. Here’s a breakdown:
| Expense Category | Estimated Monthly Cost (USD) |
|---|---|
| Accommodation (shared/dormitory) | $190 – $375 |
| Food & Groceries | $110 – $175 |
| Utilities & Internet | $35 – $50 |
| Local Transport | $20 – $40 |
| Study Materials | $20 – $35 |
| Health Insurance (extra) | $10 – $20 (if needed) |
| Personal/Miscellaneous | $50 – $120 |
| Total | $435 – $815 |
NB: Costs vary with lifestyle. The scholarship covers only tuition, not these living expenses, so plan financially in advance.
Why Choose the INCEIF President’s Scholarship? (Top 5 Reasons)
- 100% Tuition Free: Study without worrying about tuition, visa, or student service fees—focus solely on academic growth.
- Prestigious Institution: INCEIF University is internationally accredited, dedicated solely to Islamic finance and business, and based in a thriving financial capital.
- Global Exposure: Daily learning with peers from 60+ countries, opportunities to network with industry leaders and academics.
- Comprehensive Support: Visa, health screening, insurance all handled for you—no bureaucratic headaches.
- Career-Ready Programs: Cutting-edge curriculum, research, and practical training that position you for jobs in fast-growing Islamic finance sectors worldwide.
- Open to All Nationalities: Welcomes high-achieving students regardless of citizenship, fostering an inclusive learning environment.
Frequently Asked Questions
1. Who can apply for the INCEIF President’s Scholarship?
All nationalities. Open to both Malaysians and international students applying for specified Master’s programs in Islamic finance.
2. What does the scholarship cover?
Full tuition fees, student service fees, visa, medical check-up, and insurance (Takaful)—but not daily living expenses or flights.
3. When is the deadline?
5 October 2025 for 2025 intake. Early application is strongly encouraged to avoid missing out.
4. What is the minimum academic requirement?
A CGPA of 3.0 (or equivalent) in a recognized Bachelor’s degree.
5. How competitive is the scholarship?
Extremely competitive, as only outstanding, high-potential applicants are awarded the scholarship each intake. Strong academic records and statements are vital.
Eric Bleumink Scholarships 2026 in the Netherlands: Complete Guide
6. What English scores do I need?
IELTS or TOEFL scores are usually required unless your prior degree was in English.
7. Will I get a cash stipend or monthly allowance?
No. The scholarship does not cover regular living expenses or airfare—plan accordingly.
8. Is there an age limit?
Yes, you must be under 40 at the time of application.
9. Can I apply for other scholarships at the same time?
No, students cannot receive other financial aid or scholarships concurrently.
10. Will I need to repay the scholarship?
No. It’s a grant, not a loan or bonded funding.
Keywords: INCEIF President Scholarship 2025, fully funded Malaysia scholarships, Islamic finance scholarships Malaysia, study finance in Malaysia, postgraduate funding Southeast Asia, tuition free masters international students, INCEIF application process, cost of living Malaysia students, Islamic banking scholarship.
(Last updated July 2025. Always confirm exact scholarship deadlines and document requirements on the official INCEIF University website before you apply.)