Education Aid International and Baitulmaal Muamalat Sign Partnership Agreement to Facilitate Education Loans

In an effort to support broader and more equitable education, EAI and Baitulmaal Muamalat have agreed to sign an exciting partnership agreement. This collaboration aims to provide opportunities for students in need to obtain interest-free and margin-free education loans. Baitulmaal Muamalat, established in 2000, is a zakat management institution directly appointed by the government to collect and distribute zakat, infaq, alms, and waqf funds.

One of the appealing features of the education loans offered through this partnership is the absence of interest and margin. This means that students who borrow will not incur additional costs typically associated with conventional loans. This initiative will help alleviate the financial burden on students and their families, allowing them to focus on their academic achievements.

To apply for an education loan through this collaboration, students must go through the established registration and selection process. This process includes the collection of necessary documents and other required criteria. After the selection process, eligible students will be granted education loans.

The collaboration between EAI and Baitulmaal Muamalat in providing education loans brings new hope to students facing financial constraints. With this affordable financial solution, it is expected to create greater opportunities for them to pursue quality education and prepare for a better future.