IDB Scholarship ProgramIslamic Development Bank, Jeddah, Kingdom of Saudi Arabia, introduced its scholarship program in many countries including India to promote professional education among Muslim community. The IDB Scholarship Program is more than just a scholarship program in the traditional sense, i.e. as a straight financial assistance to needy and qualified students. It is also a tool for the improvement of the social and economic conditions of the Muslim community as a whole. It is a scholarship program and a community development program at the same time, since the scholarship is given as an interest-free loan (qardh-e-hasna) to the students but as a grant to the community to which they belong to in the shape of its refunds.
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