INCEIF received AACSB acreditation


International Centre for Education in Islamic Finance, or better known as INCEIF, is extremely pleased that its academic programmes have attained stature among the top five percent of business programmes in the world with the announcement by AACSB International that the programmes have received the AACSB accreditation.

Hence, INCEIF is the only Islamic finance university to join the rank of top business schools in the world.

The AACSB accreditation recognises institutions that demonstrated a focus on excellence in all areas, including teaching, research, curricula development, and student learning. INCEIF is the 5th and the only Islamic finance focused university, in Malaysia, to be accredited by this international accreditation body.

“Considering the exclusive focus on Islamic finance education, we are essentially a boutique institution with an overarching global mission, which is to produce world class talent for the global Islamic finance industry. Among the initiatives introduced at INCEIF to maintain its relevance to the industry include the introduction of action based learning in our academic programmes, where simulations and real case studies are used as part of the learning process. Students get a chance to work with leading industry practitioner as well as
policymakers which allow them to deal and explore on real banking and finance issues. As an emerging business school focused on Islamic finance, we will continue to foster deep engagements with our students, faculty and communities to ensure that our programs and applied research have tangible impact on our stakeholders”, said Prof. Dato’ Dr. Azmi Omar, President & Chief Executive Officer of INCEIF.

INCEIF was set up by Bank Negara Malaysia in 2005 to develop human capital and knowledge leadership for the global Islamic finance industry. Apart from its academic programmes, which are Masters of Islamic Finance Practice, MSc in Islamic Finance,
PhD in Islamic Finance and Professional Certificates in Islamic Finance, INCEIF also offers customised executive training programmes and industry-focused applied research in line with its vision to be the knowledge and thought leader in Islamic finance.


INCEIF syllabus is structured with inputs from industry players to bridge the gap between academic knowledge and industry experience. INCEIF faculty members, who are globally respected among the Islamic finance academia and industry, have a combined wealth of experience and diversity. The faculty, coupled with continuous support from the industry, provides INCEIF students with strong mentoring relationships and opportunities for professional development.

In 2017, INCEIF was ranked Excellent (5-Star) in the Rating Ministry of Higher Education. Sistem Penarafan Universiti dan Kolej Universiti (Malaysia Rating for University and University
College Excellence) or SETARA measures the quality of all private and public universities and university colleges, including foreign branch campuses.

Since 2015, INCEIF’s research has been ranked 1st in Malaysia amongst the higher education institutions in the Research Papers in Economics (RePec) rankings. We are also the only institution to have the research of five professors recognised by RePec, among the top 30 academics in Malaysia. In November 2018, INCEIF has received full accreditation from AACSB International.

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Full press release is available here.