Fully Funded Scholarships for Future Leaders in Islamic Business & Finance
The Centre for Excellence in Islamic Finance (CEIF) at IMSciences has announced fully funded scholarships for MS and PhD programmes in Islamic Business and Finance in partnership with the State Bank of Pakistan and the Islamic banking industry.

The scholarships are available for MS and PhD programmes for the Fall 2026 intake and are designed to support the development of future leaders and researchers in the Islamic finance sector.
Scholarship Opportunities
PhD in Islamic Business & Finance (IB&F)
- 5 Partial Scholarships
- Open to currently enrolled and newly admitted PhD students.
- Aims to support high-quality research addressing contemporary issues, challenges, and opportunities in Islamic banking and finance.
MS in Islamic Banking & Finance (IB&F)
- 14 Fully Funded Scholarships
- Available for Ulema and Shariah scholars holding a recognized Sanad from a madrasa.
- Preference will be given to applicants with higher-level Sanad qualifications.
CEIF IMSciences & Bank of Khyber Scholarships
- 2 Fully Funded Scholarships
- Open to students with a recognized Sanad or those domiciled in Pakistan's merged districts (formerly FATA).
Related
Who Can Apply?
Eligible applicants include:
- Ulema and Shariah scholars.
- Individuals with a recognized Sanad from a madrasa.
- Students from the merged districts (formerly FATA).
- Aspiring researchers interested in Islamic Business and Finance.
Why Apply?
The programme offers:
- Industry-relevant, Shariah-compliant education.
- Learning opportunities with leading scholars and industry experts.
- Career advancement in the Islamic banking and finance sector.
- A chance to contribute to the growth of Islamic finance in Pakistan and beyond.
Applications for Fall 2026 are now open. Interested candidates are encouraged to submit their applications before the admission deadline.
For more information, applicants can contact the CEIF Office, Institute of Management Sciences (IMSciences), Peshawar, or visit the institution's admissions portal.







