|Living cost||USD 431 per month|
|Student population||Small (1,000 or less)|
INCEIF (International Centre for Education in Islamic Finance) was set up by Bank Negara Malaysia (Central Bank of Malaysia) in 2005 to develop human capital for the global Islamic finance industry. Commonly known as INCEIF – The Global University of Islamic Finance, it is the only university in the world dedicated to Islamic finance. INCEIF is part of Malaysia\'s initiative to promote education in Islamic finance for the domestic and international finance community. In August 2007, the Ministry of Higher Education Malaysia accorded INCEIF with the university status. In February 2009, Bank Negara Malaysia Governor Tan Sri Dato\' Sri Dr. Zeti Akhtar Aziz was officially proclaimed as the first Chancellor for INCEIF.
The proclamation is in accordance with the constitution of INCEIF where Tan Sri Dr Zeti Akhtar, as the Chairman of INCEIF\'s Board of Directors, assumes the position of Chancellor. The proclamations were made during the first convocation in 2009 where INCEIF admitted its first batch of graduates, who completed the flagship programme Chartered Islamic Finance Professional (CIFP). Apart from its academic programmes, which are CIFP, Masters in Islamic Finance Practice (MIFP), MSc in Islamic Finance and PhD in Islamic Finance, INCEIF also undertakes customised executive education programmes and industry-focused applied research. The curriculum at INCEIF is structured with inputs from Shariah scholars and industry players to bridge the gap between academic knowledge and industry experience. Its faculty members provide INCEIF students with mentoring relationships and opportunities for professional development. INCEIF is governed by a Governing Council. Supporting the Governing Council is the Professional Development Panel whose role is to set performance standards to ensure a high quality of programme content and the Executive Committee.