The Maldives Monetary Authority (MMA) has announced scholarship opportunities under the Tamweel Islamic Finance Initiative, aimed at strengthening local expertise in Islamic finance.

Scholarships are available in three specialised areas: Executive Masters in Islamic Finance (eMIF), Micro-Certificate from eMIF, and the Certificate in Shariah Economics for Banking and Finance (CSEBF).

Five fully funded and five partially funded scholarships are offered for the Executive Masters in Islamic Finance (eMIF), delivered by the International Centre for Education in Islamic Finance (INCEIF). An additional five scholarships are available for the Micro-Certificate from eMIF, also offered by INCEIF. The programme further includes 20 scholarships for the Certificate in Shariah Economics for Banking and Finance (CSEBF), conducted by Universiti Islam Selangor (UIS).

The initiative also includes a capacity development fund, with an initial allocation of MVR 5 million to support education and training in Islamic financial services.

MMA Governor Ali Hashim Munawwar stated that the initiative aligns with efforts to position the Maldives as a regional hub for Islamic finance. He noted that similar programmes led by central banks in countries such as Malaysia have been instrumental in strengthening their Islamic finance sectors.