The Middlesex University students split the £1,000 prize - Paresha for her geometrically accurate life sized nature prints, and Joseph for his heat tempered jewellery.
Inspired by MoDA's Japanese katagami stencil prints, Paresha created life sized nature prints using unwanted plant matter including weeds and leaves. As a mathematician, she organises the prints into geometric patterns.
Paresha said: "I draw parallels with the overlooked and undervalued plant matter and the difficulties my family and other immigrants encountered."
Joseph created his jewellery collection looking at identity, by using a heat tempering technique he made sure that no piece in his collection was the same and categorised it using an archival system inspired by MoDA.
Jewellery and Accessories student Joseph said: "For me this feels great. I would like to put the money towards getting studio space, I'd like to set up my own business."
The Arthur Silver Award is held annually for second and final year Middlesex University Art, Design and Media undergraduate students that best demonstrate that their work has been inspired by the museum's collections.
Middlesex University Head of Fashion & Interiors Graeme Brooker said: "The entries represented a wonderful array of innovative and creative approaches to utilising the MoDA archive. The split of this year's prize represents this diversity.
"We chose Joseph as his unusual use of archival systems was well thought-out and realised. We felt Paresha's entry represented a genuine engagement with and investigation in to her subject matter, and that her translation of the material was both thoughtful and inventive."
For more information about the Arthur Silver Award visit MoDA's website.