Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Community applauds IDB's India scholarship program  Join our daily free Newsletter

MENAFN - Arab News - 09/09/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The Islamic Development Bank Group's (IDB) community development program in India was applauded during its 30th anniversary for its scholarship scheme. The scheme has benefited nearly 4,000 Indian Muslim students so far.

IDB President, Ahmed Mohamed Ali, who attended the event in New Delhi recently, said that about 3,000 IDB scholarship students have already graduated and hold important positions in the country as doctors, engineers, academics and entrepreneurs.

"I was very happy to attend the program organized by the IDB Graduates Association (IGA)," Ali told Arab News while commending IGA members for conducting various programs for the benefit of Muslims and other communities.

The IDB chief emphasized his bank's desire to expand its activities India, especially in developing endowment properties and financing educational and health projects. He also spoke of his wish to support a Haj fund similar to Malaysia's Tabung Haji that helps Muslims perform Haj through the revenues from the investment fund.

"We welcome the new waqf (endowment) law in India and are ready to cooperate with them in developing endowment properties," the president said. Ali highlighted the prospects of introducing Islamic banking and finance in India and praised the Reserve Bank of India for licensing an interest-free non-banking financial company (NBFC) in Kerala.

Malek Shah bin Mohamed Yusoff, head of IDB's scholarship program, said Indian students received 33 percent of the bank's scholarships. "About 90 percent of IDB scholars work in India, contributing to its development," he told Arab News. IGA has set up a scholarship fund, which supports nearly 900 students.

IDB launched the scholarship program in 1983 extending scholarships to deserving students in India, Sri Lanka and Kenya. "India has shown a very good example with IDB graduates involved in various community services," said Yusoff. He pointed out that the IGA has proposed an educational academy in Assam with IDB support.

"IGA members have also presented a five-year strategic plan. This is something unique as we have not seen such initiatives from scholars in other countries," Yusoff said, adding that the scheme was aimed at producing highly qualified Muslim professionals and community leaders. About 12,500 students in 50 countries have benefited from the scholarship scheme so far.

Speaking to Arab News, Essam Al-Shanqiti, manager of the division said, "IDB's Special Assistance Division has financed 271 educational and health projects in India since 1984. We empower Muslim communities to become effective partners in the development of their countries through human capital development."

Al-Shanqiti said IDB's assistance for building schools and colleges, hospitals and health centers, training and cultural centers in India amounted to 45 million. About 20 of the 271 projects are under construction, while the rest have been completed. He said that these have been distributed in the different parts of the country, with 61 located in the north, 81 in the south, 72 in the east and 57 in the west.

 






  MENA News Headlines
 Jul 29 2014 - New additions to Local Harvest brand of datesKhaleej Times
(MENAFN - Khaleej Times) E dates come from farmers who have contracts with ADFSC and therefore practise date palm farming according to the centres standards.For the next three weeks the Abu Dhabi ...

 Jul 29 2014 - PayTabs to launch online solutions in Bahrain, SaudiMENAFN
(MENAFN) PayTabs, a payment processing solution company co-owned by Saudi Aramco, is set to launch its online payment processing solutions in Bahrain and Saudi Arabia, Gulf Daily News reported.The ...

 Jul 29 2014 - Mobily signs LTE-4G roaming deal with BatelcoMENAFN
(MENAFN) Mobily telecom has signed an LTE-4G roaming deal with Bahrini Batelco to provide customers with advanced Internet services, Arab News reported.This agreement coincides with Eid Al-Fitr ...

 Jul 29 2014 - Radiant During RamadanMuscat Daily
(MENAFN - Muscat Daily) Keep your skin and hair glowing and shiny even as you're fasting in this holy month. Some tips... Moisturise Your skin too gets dehydrated when you fast. It is ...

 Jul 29 2014 - Nawras net profit grows 23 in H1Muscat Daily
(MENAFN - Muscat Daily) Omani Qatari Telecommunications Co SAOG (Nawras) on Wednesday said net profit for the first half of 2014 rose 23 per cent, driven by higher earnings before interest, taxes, ...

 Jul 29 2014 - Duqm Airport takes offMuscat Daily
(MENAFN - Muscat Daily) The newly opened Duqm Airport received its first Oman Air flight ahead of schedule on Wednesday with officials saying that the facility will serve as an air transport and ...

 Jul 29 2014 - Air fares rise by 35 as travellers rush to make the most of long breakMuscat Daily
(MENAFN - Muscat Daily) Fares of most airlines have gone up due to the increase in demand during Eid al Fitr holidays. The prices of tickets to different destinations have gone up by nearly 35 per ...

 Jul 29 2014 - MoHC invites bid for construction of $250mn Oman Cultural ComplexMuscat Daily
(MENAFN - Muscat Daily) After announcing the appointment of the UK-based international consultancy and construction company, Mace as project manager for the Oman Cultural Complex (OCC), the Ministry ...

 Jul 29 2014 - Moon sighting expected on Monday eveningMuscat Daily
(MENAFN - Muscat Daily) The crescent of the new moon is expected to be visible on Monday evening across all governorates in the sultanate, marking the beginning of the month of Shawwal, according to ...

 Jul 29 2014 - Pakistan's film industry becomes alive againArab News
(MENAFN - Arab News) HORE: A breed of brand new independent filmmakers is successfully filling the void left by an obsolete industry known as Lollywood.In many ways 2013 was an era-defining year for ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help