An international Memorandum of Understanding (MoU) was signed between Maldives Center for Islamic Finance Ltd (MCIF) and University Science Islam Malaysia (USIM), on 23rd November 2016, in Kuala Lumpur, Malaysia.  The memorandum calls for collaboration in research, instruction and faculty exchange between MCIF and USIM.

The memorandum was signed by the Managing Director of MCIF, Mr Ibrahim Didi and Vice-Chancellor, Professor Dato’ Dr Musa Ahmad of USIM and agreed to initiate collaborative activities in academic areas of mutual interest such as exchange of faculty and researchers for purpose of teaching, conducting lectures and research, exchange of expertise, exchange of students, conducting collaborative research projects, jointly organizing symposia, seminars, and conferences as well as sharing of academic information and materials.

The linkage is a significant step taken by MCIF in promoting higher education through international linkages and as such, in January 2017, MCIF will be offering a doctorate programme in Islamic Economics as well as various undergraduate and postgraduate courses in collaboration with USIM.  The PhD programmes will be starting in January 2017.