The Al-Ummah Zakat & Sadaqah Foundation introduces its Student Loan Program for 2024, featuring a revolving loan fund of ₦250,000.00, effective from November 1, 2023. This unique opportunity is tailored exclusively for Muslim Ph.D. students in Nigerian universities, specifically at the post-field stage of their programs, subject to straightforward conditions.
This article provides an in-depth guide on the crucial details you need to navigate when applying for the Al-Ummah Zakat & Sadaqah Foundation Student Loan Program.
Al-Ummah Zakat & Sadaqah Foundation Student Loan Summary:
- Loan Amount:
- ₦250,000.00 revolving loan fund.
- Eligibility:
- Exclusively for Muslim Ph.D. students in any Nigerian University.
- Applicable at the post-field stage of their program.
- Effective Date:
- The program is effective from November 1, 2023.
- Conditions:
- Subject to simple and transparent conditions.
Now, let’s delve into the step-by-step guide on how to apply for this exceptional student loan program.
Al-Ummah Zakat & Sadaqah Foundation Student Loan Summary
- Host: Al-Ummah Zakat & Sadaqah Foundation
- Category: PhD Scholarships
- Eligible Country: Nigeria
- Reward: ₦250,000
- Deadline: Not Specified
Al-Ummah Zakat & Sadaqah Foundation Student Loan Program Details:
The Al-Ummah Zakat & Sadaqah Foundation Student Loan Program fund is accessible upon completion of a straightforward loan application form, valid nomination by UZSFNg-appointed sponsors, support from a guarantor (which can be the applicant), and the availability of funds at the time of application.
With a 12-month moratorium on repayment, the loan is repaid in ten equal ₦25,000 installments over ten months, ensuring flexibility for the recipients.
Eligibility Requirements for Al-Ummah Zakat & Sadaqah Foundation Student Loan Program 2024
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.
Benefits of the Al-Ummah Zakat & Sadaqah Foundation Student Loan Program 2024
- ₦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
How to Apply for the Al-Ummah Zakat & Sadaqah Foundation Student Loan Program (Step by Step)
Intrested 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.