What does the Islamic Development Bank do?
The main function of IDB is to provide various forms of development assistance for poverty alleviation, human development, forging economic cooperation, promoting trade and investment, and enhancing the role of Islamic finance in the social and economic development of member countries.
About Scholarship and Sponsors
Program Sponsor(s): Islamic Development Bank
Scholarship Type: Full Scholarships
Scholarship to be taken at: Public/government universities in their own countries.
Scholarship Worth: full funding
Number of Awards: Several
Study level: Undergraduate and Postgraduate
Nationality: IsDB member countries/least developed countries
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Is Nigeria a member of Islamic Development Bank?
Nigeria joined IsDB on 15 June 2005 with a capital subscription in the Bank at 0.3%, which later rose to 7.69% becoming one of the nine major shareholders.
How many countries are members of Islamic Development Bank?
We bring together 57 member countries across four continents – touching the lives of 1 in 5 of the world’s population. We are one of the world’s most active MDBs, and global leaders in Islamic Finance, with an AAA rating, and operating assets of more than USD 16 billion and subscribed capital of USD 70 billion.
Islamic Development Bank Scholarship 2023/2024 | DETAILS
There are six scholarship programmes offered by IsDB:
- Undergraduate
- Master’s
- PhD and Post-Doctoral Research Programme
- IsDB-ISFD for Technical Vocational Education & Training (TVET) for 21 Least Developed Member Countries (LDMCs): Afghanistan, Bangladesh, Benin, Burkina Faso, Chad, Comoros, Djibouti, The Gambia, Guinea, Guinea-Bissau, Mali, Mauritania, Mozambique, Niger, Senegal, Sierra Leone, Somali, Sudan, Togo, Uganda and Yemen
- IsDB-ISFD Bachelor studies for 21 LDMCs as mentioned in No. 4 above
- IsDB-The World Academy of Science (TWAS) Joint Programme for Capacity Building and Technology Transfer
Eligibility and Criteria for Islamic Development Bank Scholarship
The Islamic Development Bank Scholarship is targeted at academically meritorious students with strong desire to engage in social services and community development after graduation. Candidates MUST ensure that they meet all the criteria of the programme listed hereunder, failing which the Application will not be considered:
- Must be a citizen of any of the IsDB member countries or Muslim communities in non-member countries.
- Candidate from non-member countries must be a Muslim.
- Must have obtained a high school diploma or registered in one of the top 10 public/government universities in his/her own country.
- Must have minimum of 70% in his/her high school final GPA. (Undergraduate scholarship)
- Must have minimum of 70% in his/her Bachelor studies’ GPA. (Masters Scholarship)
- Must choose a field of study listed among the approved disciplines of the programme.
- Must provide evidence of language proficiency in university medium of instruction as relevant. The language proficiency must be supported by a document or certificate, e.g., for English, by a recognized language certificate such as TOEFL, IELTS or passed required level test conducted such as by British Council or equivalent system in French or other language).
- Must provide certified English or French translation of all documents in case if they are initially in other languages.
- Must not be in receipt of any other scholarship at the time of application and during study.
- Must be medically fit and willing to undergo medical tests after selection.
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Additional Eligibility for PhD, Postdoc
PhD study
- Have Master’s degree in one of the fields of study of the programme.
- Have minimum (“Very Good”) academic standing;
- Preferably have work and/or research experience.
- Have a research proposal in one of the fields of study of the programme stating its scientific and development relevance to the community / country.
- Be medically fit and be willing to undergo medical tests after selection.
Post-doctoral research
- Have PhD degree in one of approved fields of the programme.
- Have minimum (“Very Good”) academic standing.
- Have not less than two (2) years of experience in the field of research.
- Must have a record of publications/research in the same field.
- Have a research proposal in one of the fields of study of the programme stating its scientific and development relevance to the community / country.
- Be medically fit and be willing to undergo medical tests after selection
Application Procedures
Consistent with the concept of the Programme, the admission is solely the responsibility of the student. Selected students must obtain admission from one of the top 10 public/government universities in their own countries. In some cases, the IsDB may seek admission in member countries having agreement with the IsDB.
Interested and eligible candidates can apply online for the Islamic Development Bank Scholarship 2023/2024. You will be required to create a profile.
Application Deadline: To be Updated