QFIS Scholarships in Islamic Finance 2010-2011

QFIS offers a number of prestigious scholarships for international students including:

  • Diploma in Islamic Finance
  • Master of Science in Islamic Finance

Qatar Foundation – Faculty of Islamic Studies Scholarships for international students include:  program tuition, housing, recreation, phone, internet,  health plan fee, transportation inside & outside Qatar Foundation.


Qatar Faculty of Islamic Studies (QFIS)

QFIS’s Vision
Our vision at QFIS is to become a locus of thought and dialogue that leads research and debate in all that relates to Islam and Muslims, be that contemporary concerns or issues of heritage; and that produces scholars who are strongly‐grounded in Islamic faith, practice, and civilization, and who are open for engaging with all that their civilization produced, and with the wisdom and thought of other civilizations.

QFIS’s Mission
Inspiring thought based on the plurality and tolerance of Islamic Jurisprudence and civilization that enables Muslims, in terms of perception and practice alike, to face contemporary challenges. Our aim is to contribute to our age, rather than separate from it. We take it upon ourselves to make clear the rich, dynamic, and inspiring spirit of our Islamic heritage, to emphasize its tolerance, diversity, and hence, ability to serve all of humanity through infinite paths for dialogue and action.

QFIS’s Objective
QFIS offers several highly competitive scholarships that are designed to attract the best and the brightest graduate students from around the world. Our graduate programs aim to provide you with knowledge and skills based on Islam’s rich legacy as well as its growing contemporary contributions in a variety of academic fields. Scholarship recipients are expected to make valuable contributions to their program of choice and the Faculty more broadly. We believe that this mutual commitment will produce leaders who are grounded in Islamic values of plurality, tolerance and diversity and as such who are able and willing to serve humanity through infinite paths for dialogue and action.

Country Eligibility: All countries


1. Five scholarships for successful applicants to the Msc in Islamic Finance.
2. Five scholarships for successful applicants to the General Diploma in Islamic Studies.

1. Five scholarships for successful applicants to the MA in public Policy in Islam.
2. Five scholarships for successful applicants to the MA in Islamic Studies with a Specialization in Religion & Contemporary Thought.

1. Five scholarships for successful applicant to the MA in Islamic Studies with a Specialization in Contemporary Fiqh.

Scholarships Description

Scholarships for international students include:

  • Program tuition
  • Housing
  • Recreation, phone, internet
  • Health plan fee
  • Transportation inside & outside Qatar Foundation

Application Criteria

Applicants must be able to demonstrate that they have strong interest and aspirations to contribute to their field of Islamic study. Furthermore, successful applicants should have a strong academic grade of “very Good” (GPA of 3.4 or above) and a strong command of English and Arabic (students are expected to pass an Arabic test within first year of studies; failure to do so may result in scholarship revocation).


For Applying and submitting TOEFL: 1ST April 2010
Successful candidates will be notified.
Scholarship applications are available on our website http://www.qfis.edu.qa

Programs Offered

  • Master of Arts in Islamic Studies with a specialization in Contemporary Fiqh
  • Master of Arts in Islamic Studies With a specialization in Religions And Contemporary thought
  • Master of Arts in public policy in Islam
  • Master of Science in Islamic Finance
  • Diploma in Islamic Finance
  • Diploma in Islamic Studies

Required Documents

  • QFIS Graduate Admission and Scholarship Forms
  • Non‐refundable application fee of QR100 (International students are exempt)
  • Copy of the passport or National ID
  • Recognized Bachelor certificate and final official transcript.
  • Four recent colored photographs
  • Test Score of TOEFL (550) for all Programs, except Diploma in Islamic Studies Score of TOEFL (500)
  • Pass Arabic Test (International students will do their Arabic exam when they come to Qatar)


Completed application and further inquiries should be sent to admissions_QFIS@qf.org.qa

You may also contact the Admissions office directly at +974 4546588/ +974 4546560

source :  mbacolleges

Islamic finance to advance in 2010, says S&P

Just when many of the world’s financial systems have been working to weather the capital market turmoil and its spread to economies around the globe, Islamic finance growth has stayed strong and will likely be brisk during the next year.

“We believe Islamic finance has become a recognized and a specific segment of finance on its own with still-bright growth prospects,” Standard & Poor’s credit analyst Mohamed Damak said on Monday, Feb 1.

“We think Islamic finance is set to make further inroads in developed Western markets while Southeast Asian countries will likely fuel the Islamic finance advance in Asia in 2010.”

His comments were contained in the ratings agency’s report “Islamic finance is likely to advance in 2010 on firm growth and widening geographic reach,” published today on RatingsDirect.

However, S&P said at the same time, though, there are a number of important questions for which the answers are not necessarily yet clear but that may play a part in shaping the sector’s future growth.

Specifically in non-Muslim countries, and especially in Europe, S&P considers they include the size of demand for Sharia-compliant products, regulatory and tax environments, the support of the political and financial communities, sovereign sukuk issuance, and the possibility of a common strategy for extending Islamic finance across EU countries.

Assets of the top 500 Islamic banks expanded 28.6% to total US$822 billion at year-end 2009, compared with US$639 billion at the end of 2008, according to publicly available information.

source : theedge

Sri Lanka Amana Takaful steers home insurance

Our homes house our joys, hopes and dreams and the place where we find comfort and rest. However, we seldom view our homes as something worth safeguarding. However, a question that exists is whether we secure our homes or insure them.

Believing that the latter is a better solution Amana Takaful recently gave fresh impetus to its home insurance product, ‘My Home,’ with an additional enhanced accident cover in a bid to promote the importance of home insurance in Sri Lanka.

“The market for home security is growing tremendously in Sri Lanka and mainly centred in urban areas. The main drive for home security comes not only form the need to secure the safety of our loved ones but also to safeguard our belongings, that mean so much to us. Having said this, insurance comes as an obvious need as it not only gives you peace of mind but it also provides the financial support you need to get things back in order,” said Kester Amarasinghe, Head of Technical, Amana Takaful PLC.

“Insurance is almost the last concern on anyone’s shopping list and home insurance is mostly off many people’s radar. However, little do we realise that risks at home have the greatest effect on our lives and feelings,” said Amarasinghe.

“Therefore, we intend taking this message to our customers and potentials through a campaign of education that we believe will surely help increase the importance we place on our homes.”

From a practical sense, the impact of lightning strikes on homes and home appliances is little known, although an impending danger for all of us.

“We don’t think of harm happening to our homes because that is the one place we consider safe in our hearts. However, we have helped many of our customers who have seen their belongings damaged due to lightening strikes and sudden explosions which encourages us to cover people as much as possible,” said Nazeem Ghafoor, Manager Sales and Distribution, General Takaful, Amana Takaful PLC.

“Security systems are really meant for warning purposes but the true need is to recover what is lost and that is a loss that is worth safeguarding against,” he added.   

Amana Takaful ‘My Home’ is loaded with covers that safeguard against more than 10 natural disasters, fire and damages caused by it and due to it, burglary, alternative accommodation, loss of rent, architect’s, surveyor’s and engineer’s fees and many more.

Policies are also provided for additional reasons other than safety. Home insurance is required to obtain housing loans from financial institutions and with confidence building in the country there is a growing need for loans. 

Amana Takaful insurance is the Sri Lankan pioneer and flag bearer of the Takaful way of insurance that redefines how insurance is carried out. Amana Takaful has been operating for more than 10 years and has a full-fledged operation in the Maldives.

source : dailymirror