Location : All India
Category : Under Gradute, Graduate
Last date of submission:: 15th
The Islamic Development Bank Jeddah, Saudi Arabia in order to improve the socioeconomic conditions of the Muslim Communities in Non-Member Countries around the world and to make meaningful contributions to the development of their countries, launched its scholarship program in 1983. The Bank is trying to assist and develop the potentialities of Muslim students by awarding scholarships to the scholars who are unable to pursue studies due to financial difficulties. The program is now in operation in 48 countries.
The concept of the Programme is to build a team of professional and committed Muslims as a tool for the improvement of the socio-economic conditions of their communities. Under this Programme, the scholarships are given as interest-free loan to the students but grants to the communities to which they belong. After graduation and gainful employment, all graduates are obliged to repay their loan amount to the community (IDB Local Trusts) for recycling and awarding additional scholarships to the local needy students.
Scholarship Amount : Based on the need.
Scholarship Duration : For the duration of graduation course
Selection Criteria :
Each year, the Programme follows the following selection procedures: 1. The Counterpart Organization announces the Programme in the country and invites applications from potential candidates who fulfill the criteria of the Programme. 2. The Scholarship Selection Committee (SSC) conducts the interviews of eligible candidates and recommends them through the Counterpart Organization to the IDB. 3. The IDB makes the final selection and informs the Counterpart Organizations.