INCEIF Establishes Special Fund For Scholarships, R&D Activities

A special fund which receives contributions to be given out for scholarships, research and development activities called the “Dana Khas INCEIF” has been set up by the International Centre for Education in Islamic Finance (INCEIF).

Set up by Bank Negara Malaysia in 2006, INCEIF, the global university for Islamic finance has received contributions totaling RM909,146 from a number of local and foreign financial institutions.

Contributions have been channeled to INCEIF’s funds, namely the Financial Assistance and the Fisabilillah Trust Fund.

A total of RM798,240 or 88 per cent of the total amount received have been disbursed to 251 deserving students as of to date, both to Malaysians and non Malaysians including Indonesia, Singapore, South Korea and India, all based on their academic results and potential contribution to the Islamic finance industry.