ISLAMIC BANK SCHOLARSHIPS FOR BANGLADESH STUDENTS 2018

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Bangladeshi students are currently been invited to hurry and apply for the ISLAMIC BANK SCHOLARSHIPS FOR BANGLADESH STUDENTS 2018, eligible students from Bangladesh are by this notice charged to hurry and apply for this program.

ABOUT ISLAMIC BANK:

What is Islamic Banking: 

Islamic banking, also known as non-interest banking, is a banking system that is based on the principles of Islamic, or Shari’ah, law and guided by Islamic economics. Two fundamental principles of Islamic banking are the sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and investors. Islamic law prohibits collecting interest or “riba.”

 

BREAKING DOWN ‘Islamic Banking’

Islamic banking is grounded in Shari’ah, or Islamic principles and all bank undertakings follow those Islamic morals. Islamic rules on transactions are called Fiqh al-Muamalat.  Typically, financial transactions within Islamic banking are a culturally distinct form of ethical investing. For example, investments involving alcohol, gambling, pork, and other forbidden items is prohibited.  There are over 300 hundred Islamic banks in over 51 countries, including the United States.

Principles of Islamic Banking

The principles of Islamic Banking follow Sharia law, which is based on the Quran and the Hadith, the recorded sayings, and actions of the Prophet Muhammad (PBUH). When more information or guidance is necessary, Islamic bankers turn to learned scholars or use independent reasoning based on scholarship and customs. The bankers also ensure their ideas do not deviate from the fundamental principles of the Quran.

History of Islamic Banking

The origin of Islamic banking dates back to the beginning of Islam in the seventh century. The Prophet Muhammad’s (PBUH) first wife, Khadija, was a merchant. He acted as an agent for her business, using many of the same principles used in contemporary Islamic banking. In the Middle Ages, trade and business activity in the Muslim world relied on Islamic banking principles. These banking principles spread throughout Spain, the Mediterranean, and the Baltic States, arguably providing some of the basis for western banking principles. From the 1960s to the 1970s, Islamic banking resurfaced in the modern world.


WHAT YOU NEED TO KNOW ABOUT THE ISLAMIC BANK SCHOLARSHIP:

The Scholarship Programmes are an important tool in the development initiatives led by the IsDB since 1983 to foster technology and knowledge sharing among member countries and Muslim communities in non-member countries. The Programmes are designed to attract talented male and female students and build the right competence required to empower communities with a special focus on “Sustainability Science” in line with the approved fields to support the achievement of the Sustainable Development Goals (SDGs).

For over (3) three decades, the Bank has been funding the following programmes for studies and researches in development-related fields and has helped to form a pool of over 9,000 well-trained and experienced development professionals and researchers transforming their countries and positively impacting future generations:

  1. Undergraduate Scholarship Programme: Since 1983, the programme has offered scholarship opportunities to 13996 students to study first degree-level education. So far, 8,987 have graduated and 2,379 are currently pursuing their study. Click here.
  2. Master Scholarship Programme: Since 1998, the programme has offered scholarship opportunities to 710 students to study masters programme. So far, 364 have graduated and 142 are currently pursuing their study.
  3. PhD and Post-doctoral research Programme. Since 1993, the programme has offered scholarship opportunities to 1,201 students to study PhD and undertake post-doctoral research. So far, 581 have graduated and 277 are currently pursuing their study/research.
  4. IsDB/ISFD Programme for Vocational Training and Undergraduate Studies: This programme is an IsDB new initiative for 21 LDMCs funded by the Islamic Solidarity Fund for Development (ISFD) for the next ten years, starting from 2018 aiming at promoting entrepreneurships and reducing poverty.
  5. Joint Programme with The World Academy of Science (TWAS) in Trieste, Italy for Sustainability Science, Technology and Innovation: This programme started in 2017 as an IsDB initiative for capacity building aiming at building critical mass in the fields of Science, Technology and Innovation (STI) to address sustainable development challenges of its member countries.
  6. Partnership Programmes with Reputable top universities
  7. Setting-up Alumni for the IsDB graduates
  8. News & Events for the IsDB scholarship programmes 
  9. Inquiry:  To inquire about additional information on the programmes,  please contact the IsDB directly the IsDB through e-mail: scholar@isdb.org

LEVEL OF SCHOLARSHIP:

This scholarship program is for undergraduate, masters and Phd Program respectively

 FIELD OF STUDY:

Under the programme, eligible students may apply only for studies in the following development related fields in line with the IsDB President’s new strategy to empower communities with a special focus on “Sustainability Science to achieve the SDGs.

HOST NATIONALITY:

This scholarship is to be taken in Bangladesh

ELIGIBLE NATIONALITY:

This scholarship is available for bangladeshi students 

SCHOLARSHIP BENEFIT:

The programme covers full tuition fees to be paid directly to the university, living allowance on single-status basis, health insurance, computer allowance, etc. and round-trip air-ticket and installation allowance for study abroad.   

To help students prepare themselves for their future leading role in the development of their communities and countries, the IsDB also provides them with extra-curricular activities under a special programme called “Mentorship Programme” to ensure their academic progress and social and psychological integration in the university as well as the local community environment.

SCHOLARSHIP REQUIREMENTS /ELIGIBILITY:

The scholarship requirements and eligibility will be placed under the three different flevel of study of undergraduate, masters and PhD

UNDERGRADUATE:

The Programme is open for academically meritorious students with strong desire to engage in social services and community development after graduation.  The prospective candidate must also meet the following eligibility criteria:

  • Citizens of any of the IsDB member countries and Muslim communities in non-member countries
  • Completed senior secondary education (or the equivalent of approximately 12 years of education) with good grades in major subjects
  • Not in receipt of any other scholarship at the time of application and during studies.
  • Be medically fit and be willing to undergo medical tests after selection.

MASTERS:

The Programme is designed to help promising mid-career professionals from member countries and Muslim Communities in non-member countries who meet the following eligibility criteria:

  • Be a citizen of any of an IsDB member countries or Muslim communities in non-member countries.
  • Be a graduate with a grade above “Good” in his/her academic career.
  • His/her proposed field of study is within the fields approved by the programme
  • Be nominated by an academic research institution in the home country.
  • Be nominated by three referees
  • Not in receipt of another scholarship.
  • Be medically fit and be willing to undergo medical tests after selection

PHD:

The Programme is designed to help promising mid-careers professionals from member countries and Muslim communities in non-member countries who meet the following eligibility criteria:

  • Have minimum M.Sc (for Ph.D study) and Ph.D (for Post-Doctoral research) in the field of sustainable science listed under the Programme;
  • Have above average (“Very Good”) academic standing;
  • Have work and/or research experience of not less than two (2) years (for Post-Doctoral research) in the related field.
  • Have a record of publications/research in the same field.
  • Have a proposed field of study and/or research in one of the fields listed under the approved fields of study with its scientific and development relevance to the country being clearly demonstrated in a research proposal.
  • Not in receipt of another scholarship.
  • Be medically fit and be willing to undergo medical tests after selection

HOW TO APPLY FOR ISLAMIC BANK SCHOLARSHIP:

Interested students for the programme must visit the official website (www.isdb.org)  for detailed information on how to apply. The application form (click here to obtain the form) must be properly completed, attached all the requisite documents and send online.

For more information on the Islamic Bank scholarships ans her other numerous programs like the IsDB/ISFD Programme for Vocational Training and Undergraduate Studies,joint Programme with The World Academy of Science (TWAS) in Trieste, Italy for Sustainability Science, Technology and Innovation,Partnership Programmes with Reputable top universities,Setting-up Alumni for the IsDB graduates,News & Events for the IsDB scholarship programmes, we encourage you to see the official link of this scholarship program by clicking HERE!!!

 

APPLICATION DEADLINE:

Updates on the deadline for this scholarship will be communicated as soon as possible please we encourage that you keep checking this site for such and more information.

WE RECOMMEND THAT YOU ALSO SEE THE FOLLOWING ARTICLES AND SCHOLARSHIP UPDATES

2017 Barbadians Students, METI National Development Scholarships

Best 15 International Scholarships For Muslim Students 2018/2019

AU Kwame Nkrumah Scientific Awards 2017 for African Scientists.

IDB Scholarships for Muslim Communities in Non-Member Countries 2017/2018

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