Commencing from November 1, 2023, the Al-Ummah Zakat & Sadaqah Foundation Student Loan Program provides access to a revolving loan fund of ₦250,000.00.
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This fund is specifically reserved for Muslim PhD students in any Nigerian University during the post-field stage of their program, contingent upon straightforward conditions.
In this article, we will guide you through the essential details for applying to the loan program.
- Host: Al-Ummah Zakat & Sadaqah Foundation
- Category: PhD Scholarships
- Eligible Country: Nigeria
- Reward: ₦250,000
- Deadline: Not Specified
- Scholarship Updates: To receive Scholarship Alerts on WhatsApp, Click HERE
Scholarship Details
Access to the Al-Ummah Zakat & Sadaqah Foundation Student Loan Program fund is granted upon the submission of a simple loan application form, a valid nomination by UZSFNg-appointed sponsors, support from a guarantor (which may include the applicant), and the availability of funds during the application period.
The repayment structure involves a 12-month moratorium, with the loan being repaid in ten equal ₦25,000 installments spread over ten months, providing recipients with flexibility in meeting their repayment obligations.
This repayment plan is designed to accommodate the financial circumstances of the recipients, allowing them to manage their obligations without undue burden. Additionally, the 12-month moratorium offers a grace period after the completion of their academic program, allowing individuals to transition into the workforce before initiating repayment.
It’s important for applicants to carefully review the specific conditions and requirements outlined in the loan application process. This includes ensuring that the nomination by UZSFNg-appointed sponsors is valid, providing accurate and complete information on the application form, and securing the necessary support from a guarantor.
The Al-Ummah Zakat & Sadaqah Foundation is committed to supporting Muslim PhD students in Nigeria and facilitating their educational journey. By providing this accessible and flexible loan program, the foundation aims to contribute to the academic and professional success of individuals pursuing doctoral studies.
Prospective applicants are encouraged to thoroughly familiarize themselves with the terms of the loan program, ensuring a smooth and informed application process. This initiative reflects the foundation’s dedication to empowering students and fostering educational opportunities within the Muslim community.
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Scholarship Requirement
To be considered for the Al-Ummah Zakat & Sadaqah Foundation Student Loan Program, you must:
- Must be a Muslim PhD student
- Should be at the Post Field stage of the PhD program.
- Completion of the designated loan application form.
- Valid nomination by a UZSFNg-appointed sponsor.
- Secure support from a guarantor, which can be the applicant with the sponsor’s agreement.
- Confirmation of fund availability at the time of application.
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Duration and Reward
- ₦250,000.00 revolving loan fund
- 12-month moratorium for loan repayment.
- Repayment in ten equal ₦25,000 installments over 10 months.
- Your support is crucial to the success of the scheme.
List of Sponsors for the Al-Ummah Zakat & Sadaqah Foundation Student Loan Program
To apply, you must be sponsored by any of the following persons;
- Mallam Kabir AlamalYaqeen
- Ustadh AbdulJaleel Arikewuyo
- Mallam Yousuph Nurudeen
- Ustadh Lukman Kewulere
- Engr Ibrahim Nurudeen
- Mallam Adigun AbdulFatah
- Mallam Sulaiman Ra’afiu
- Dr. Zubayr Ibrahim
- Engr. Bashir Momoh
- Hajia Zulfah Adenipekun
Method of Application
Interested and qualified applicants for the Al-Ummah Zakat & Sadaqah Foundation Student Loan Program should follow the following steps
- Obtain the application form from our listed sponsors.
- Complete and return the form to your sponsor.
- Wait for 2 weeks, then contact your sponsor for feedback.
Deadline: Not Specified
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