Securing a scholarship that supports both your academic journey and living expenses can be transformative for international students aiming to pursue advanced degrees abroad. The Al-Maktoum College Living Support Scholarship, offered in partnership with the University of Dundee, stands out as an exceptional opportunity for students enrolling in MSc Islamic Finance-related programs starting in January 2026. This comprehensive blog post will walk you through everything you need to know about this scholarship, including eligibility, benefits, how to apply, and practical advice to maximize your chances of success.
What is the Al-Maktoum College Living Support Scholarship?
The Al-Maktoum College Living Support Scholarship is a bursary specifically designed to aid international students commencing selected MSc programs in Islamic Finance at the University of Dundee in the UK during the 2025/26 academic year. The scholarship aims to alleviate financial burdens related to living costs while promoting excellence in Islamic finance education.
Collaboration between the University of Dundee and Al-Maktoum College, Dundee
This scholarship is a joint initiative between the University of Dundee and Al-Maktoum College Dundee, a renowned educational institution focused on promoting Islamic finance education and awareness. The partnership reflects both institutions’ dedication to nurturing talent in Islamic finance disciplines, supporting global citizenship, and fostering innovation in this niche but rapidly growing field.
Eligible Courses and Scholarship Value
MSc Programs Eligible for the Scholarship
To qualify for the Al-Maktoum College Living Support Scholarship, applicants must have an offer (conditional or unconditional) to start one of the following full-time MSc programs in January 2026:
- Islamic Banking and Finance MSc
- Islamic Banking, Finance and International Business MSc
- Islamic Finance MSc
- MSc Islamic Finance and the Digital Economy
- MSc Entrepreneurship, Innovation and Islamic Finance
- MSc Islamic Finance and Artificial Intelligence for Business
These programs combine traditional and cutting-edge topics, aligning with the evolving global finance industry, and are highly sought after by students aiming for careers in Islamic banking, fintech, international business, and entrepreneurship within the Islamic finance sector.
Scholarship Amount and Payment Structure
The scholarship provides a living support bursary worth £3,000 for the academic year. This amount is disbursed over 10 monthly installments of £300, starting after the recipient has commenced their course. This structured payment plan helps students manage their monthly expenses more effectively, offering consistent financial support throughout their year of study.
Who is Eligible for this Scholarship?
The scholarship has carefully defined eligibility criteria designed to support deserving international students already recognized through other University of Dundee scholarships. Requirements include:
- Enrollment in eligible MSc Islamic Finance programs starting in January 2026.
- Awarded one of the following University of Dundee scholarships (or their equivalents):
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- Global Citizenship Scholarship
- Global Excellence Scholarship
- Vice Chancellor’s Regional Scholarship
- For International College Dundee students: Progressing with Excellence Scholarship as an equivalent to the Global Excellence Scholarship
- International fee status (scholarship is not available for UK or home fee status students).
- Enrollment in a 12-month, full-time 180-credit program (part-time or distance learning students are not eligible).
Important Notes on Eligibility
- The scholarship applies only to the entry year (September 2025 or January 2026 intake). It is not retroactive.
- It cannot be combined with other scholarships except those listed above.
- There is no separate application form; students who meet the criteria will be automatically assessed after enrollment.
How to Apply for the Scholarship
Applying for the Al-Maktoum College Living Support Scholarship is straightforward, as it does not require a separate application form. Here’s how it works:
- Apply for admission to an eligible MSc program at the University of Dundee starting January 2026.
- Secure one of the qualifying University of Dundee scholarships (e.g., Global Excellence, Vice Chancellor’s Regional Scholarship).
- Once enrolled, your eligibility will be automatically assessed by the Admissions team, who will liaise with Al-Maktoum College to confirm your bursary.
- You will receive official notification in writing confirming award eligibility.
Practical Tips for Maximizing Scholarship Chances
- Start your university application early to meet all deadlines comfortably.
- Aim to apply for the University of Dundee scholarships linked to the Al-Maktoum bursary. These may require a strong academic record or other criteria, so prepare documents accordingly.
- Keep clear records of all correspondence and scholarship awards for smooth verification.
- Engage early with the University of Dundee’s admission and scholarship support teams if you have questions.
Benefits of the Al-Maktoum College Living Support Scholarship
Financial Relief
The £3,000 bursary, disbursed monthly, helps reduce pressure on students’ finances, allowing them to focus on their studies and research without constant stress about living costs such as rent, food, transport, and study materials.
Academic and Professional Opportunities
As a holder of this scholarship, students join a dynamic community of international scholars passionate about Islamic finance innovation. They also gain:
- Access to specialized networking events and seminars on Islamic finance.
- Opportunities to collaborate on projects integrating finance with technology, entrepreneurship, and AI.
- Enhanced CV credentials and recognition from a prestigious UK university and Al-Maktoum College.
Holistic Support for International Students
International students often face unique challenges such as navigating cultural differences, securing accommodations, and adjusting to the educational environment. This scholarship serves as an added layer of support, supplementing other university services including orientation programs, academic tutoring, and career counseling.
Why Study Islamic Finance at the University of Dundee?
Choosing the right university and course is pivotal for your academic and career trajectory. Here’s why the University of Dundee and its Islamic Finance MSc courses are highly regarded:
Leading Expertise and Research
Dundee boasts top academics and practitioners specializing in Islamic economics, fintech, and Sharia-compliant finance. The curriculum balances theory and practical applications, preparing graduates for leadership roles.
Innovative Curriculum
Programs blend traditional Islamic finance principles with emerging global trends like digital economy integration, artificial intelligence, and entrepreneurship, providing a cutting-edge education.
Vibrant International Community
Dundee welcomes students from all over the world, with extensive support networks, cultural societies, and student organizations fostering collaboration and personal growth.
Career Prospects
Graduates from these programs are highly sought after by Islamic banks, financial institutions, regulatory agencies, international organizations, and consultancies worldwide.
Practical Example: How the Scholarship Supports Your Student Life
Consider Sara, an international student from Malaysia who secured the Global Excellence Scholarship along with the Al-Maktoum College Living Support Scholarship. She is enrolled in the MSc Islamic Finance and the Digital Economy program starting January 2026.
- The £300 monthly bursary helps her cover essentials such as groceries, public transport, and utilities without working extra hours.
- With financial stability, Sara can focus on challenging projects, integrating AI applications into Islamic finance.
- She attends networking sessions facilitated by Al-Maktoum College, broadening her connections for future career opportunities.
This example shows how targeted financial support can enhance academic focus and experiential learning.
Actionable Tips for Scholarship Applicants
- Prepare a Strong Academic Profile: Focus on grades, relevant work experience, and extracurricular activities related to finance or business.
- Research Scholarship Deadlines and Requirements: Begin applications for both university admission and scholarships early.
- Write a Compelling Personal Statement: Highlight your passion for Islamic finance and how the scholarship will impact your career goals.
- Seek Recommendations: Obtain letters from professors or professionals who can vouch for your dedication and suitability for the course.
- Engage with Scholarship Offices: Don’t hesitate to ask the University of Dundee scholarships team for specific questions or clarification.
Additional Resources
To explore detailed scholarship terms, application procedures, and program descriptions, visit the official University of Dundee scholarship page for the Al-Maktoum College Living Support Scholarship here.
Conclusion: Unlock Your Future with the Al-Maktoum College Living Support Scholarship
The Al-Maktoum College Living Support Scholarship offers invaluable financial and academic support to international students pursuing advanced studies in Islamic Finance at the University of Dundee. This bursary, combined with the university’s innovative courses and vibrant community, creates an ideal environment for students aiming to become future leaders in Islamic financial industries worldwide.
By carefully preparing your applications, securing eligible Dundee scholarships, and meeting eligibility criteria, you can take full advantage of this opportunity. Scholarships like this not only ease financial hurdles but also enrich your academic journey and global career prospects.
Embark on your journey to academic excellence and financial empowerment with the University of Dundee and Al-Maktoum College in 2026.