Deadline: 29 December 2006 The Shariah Research Grant is part of the Fund for Shariah Scholars in Islamic Finance, which was established to enhance knowledge, research, talents, and intellectual discourse in the field of Islamic Finance. The Fund represents Bank Negara Malaysia`s commitment to strengthen the development of the Islamic financial industry.
The Grant is intended to accelerate the pace of research, to provide new insights and perspectives, as well as to provide the Islamic finance industry a broader range of opportunities to tap the richness of Shariah to expand their business.
The Grant is limited to supporting research in the area of Shariah relating to Islamic finance. The research should be of interest to the broad range of financial industry practitioners, of significance by producing new insights on topics of interest, contributes to the Shariah dynamism and its potential application in the Islamic financial services industry.
Eligibility
The Research Grant is open to research institutions and institutions of higher learning, of all countries.
Individuals who are or will be affiliated with the above institutions may also apply for the grant provided that they:
- possess doctoral degrees with a minimum of 5 years post-doctorate research experience; and
- have exceptional research ability at the international level.
Grant Amount & Coverage
The maximum grant amount will depend on the type of research project and will be disclosed in due time.
The Grant may be used to cover the cost of:
- Travel and transportation. Only travel expenses (domestic and international) related to the research work are claimable, including other approved allowances such as accommodation and meals. The international trip must be strongly justified. Only one (1) international travel is allowed for the whole project duration, and must incur the lowest possible airfare using the shortest route. Travel costs should be fully itemized; and the length of time for which subsistence is sought is justified;
- Remuneration of contract and temporary research staff. Up to two (2) contract or temporary staff’s salaries and wages are claimable during the duration of the project. They must be directly involved in the research work. Stipend may be available for researchers but will be decided on a case by case basis. Period of employment and hourly/monthly rate for research assistants should be stated and justified;
- Research materials and special equipments. Only expenses for research materials and special equipments directly related to the research work are claimable, such as subscription to journals and articles, purchase of books and magazines, computer software, photocopying, printing, binding, filming, consumables (stationeries, etc), postage, telephone, fax, and other expenses necessary to complete the project. Capital goods such as computers and mobile telephones are not claimable; and
- Special services. Consultancy, translation, payment of research subjects, data gathering and processing costs are claimable.
Application Process & Deadlines
Applications must be submitted with the research proposal (as detailed below) together with the following:
- Application form [Word, 208K]
- Curriculum vitae of research personnel involved
- Certified copies of academic certificates and transcripts (with English translation if the original copy is not in English)
- Two (2) letters of recommendation written by individuals under whom you have studied or worked, and who are able to comment on your qualifications for the award.
- Photocopy of personal identification document (passport or birth certificate or identity card) of the research personnel involved
- Other relevant materials to support the application.
The research proposal must include the following: - Aims and objectives of the research
- Relevance of the research work to the Islamic finance industry, Shariah or Fiqh Muamalat
- Impact of research from the next course of actions recommended from the expected output, which should be significant by offering important new insights on topics of interest
- The applicant’s research expertise relevant to the research proposal
- The project schedule or phases of the research
- Plans for publication and dissemination of the research results
- Research budgetary requirements
Applications must be countersigned both by the Head of Department or Head of Research Centre or their equivalent, and the Head of respective institutions or by their authorized nominees.
Please mail the completed application to:
Shariah Research Grant
Islamic Banking and Takaful Department
Bank Negara Malaysia
Jalan Dato Onn
50480 Kuala Lumpur
Malaysia
Deadline: Completed applications for the research grant must be received by the Bank by 29 December 2006 (Friday).
A Research Evaluation Committee will conduct an assessment of the research proposal.
Only short-listed applicants will be notified. Successful applicants will be required to sign an agreement with the Bank.
Contact Information
If you have any enquiries regarding the scholarship, please contact the Shariah Fund Secretariat at:
slamic Banking and Takaful Department
Bank Negara Malaysia
Jalan Dato Onn
50480 Kuala Lumpur
Malaysia
Telephone: +603-2691 0263 (Direct) / 2698 8044 extn 7621/8637
Facsimile: +603 2693 3826
Email:
shariahfund@bnm.gov.my
For more information please open the website below:
http://www.bnm.gov.my/index.php?ch=200&pg=618&ac=528
