Applications open for BML Scholarship Fund

Bank of Maldives (BML) has opened applications for its Scholarship Fund.

The initiative was launched in 2021 as the first of a series of 12 high-impact monthly community initiatives leading up to the country’s national bank’s 40th anniversary celebrated in November 2022. The scholarship fund was announced in February that year.

The fund provides fully funded international scholarships for three students in Banking and Finance every year. Open to all, the fund carries the purpose of developing talented young Maldivians in the field.

Through the fund, the country’s national bank will cover tuition fees, monthly stipend, visa fees, book and establishment allowances as well as air tickets for students.

The scholarship is an annual fully funded merit-based international scholarship aimed at developing talented young Maldivians in Banking and Finance. The merit-based international scholarship offers students to enroll in any undergraduate program from the top 200 universities in the world.

This is the third year since the initiative was announced.

Three students will be selected to study any Undergraduate program in a banking and finance related area such as accounting, financial technology, financial engineering, risk management, or financial reporting and analytics.

Presently, six Maldivian students are studying abroad as part of the scholarship. The three recipients of the BML scholarship fund 2022, Ahmed Nisaal Abdulla, Aminath Maisa Niyaz and Ismail Zakwan Shihad are currently studying in the United Kingdom and Australia. The three recipients of the BML scholarship fund 2023 were Aminath Alyaa Shavin, Mohamed Saajiu Ismail and Mohamed Aik Ali.

Maldivian citizens between the ages of 18-25 years who have passed A’ Level examinations in all subjects are eligible to apply.

Interested individuals may forward their completed applications and required supporting documents before 10 November 2024.

It is targeted for academically commendable students to contribute to the development of the country’s banking and finance sector.