Charity

ISLAMIC DEVELOPMENT BANK EDUCATION TRUST

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About

ISLAMIC DEVELOPMENT BANK EDUCATION TRUST banner

What does ISLAMIC DEVELOPMENT BANK EDUCATION TRUST do?

The Islamic Development Bank Education Trust provides scholarships and interest-free loans for Muslim students in Singapore, promoting education and philanthropy within the community.

Founded

1994

People

aziz bin manijan, mohamed yunos bin mohamed shariff, isa hassan, hameem alim sahib mohd saleem, mohd hasbi bin abu bakar

Causes

Education Health & Wellness Children

Highlights

Donations are tax-deductible
Registered Charity
Established since 1994
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Promotes access to education for underprivileged Muslim students who may face financial barriers to higher education.
Encourages academic excellence by providing opportunities for deserving students to pursue their educational goals.
Fosters a sense of community and belonging among recipients, as they are part of a shared experience and common goal.
Contributes to the development of skilled professionals who can contribute positively to society and help reduce income inequality.
Supports Singapore's diversity by promoting Islamic values and culture within the educational system.
Enhances social cohesion by encouraging interaction between Muslim students and their peers from different backgrounds, fostering mutual understanding and respect.

Financials

Donation Income

S$NaNIn 2022

What are the donations used for?

Promotes access to education for underprivileged Muslim students who may face financial barriers to higher education.
Encourages academic excellence by providing opportunities for deserving students to pursue their educational goals.
Fosters a sense of community and belonging among recipients, as they are part of a shared experience and common goal.
Contributes to the development of skilled professionals who can contribute positively to society and help reduce income inequality.
Supports Singapore's diversity by promoting Islamic values and culture within the educational system.
Enhances social cohesion by encouraging interaction between Muslim students and their peers from different backgrounds, fostering mutual understanding and respect.

Financial Information

Source: Charity Portal

Charities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.

Receipts
Donations in Cash
Tax-Deductible
Non Tax-Deductible
Total Donations in Cash
Donations in Kind
Tax-Deductible
Non Tax-Deductible
Total Donations in Kind
Government Grants
Investment Income
Programme Fees
Others Income
Total Receipts
Capital in Nature

Expenses
Fundraising Expenses
Fundraising Expenses
Charitable Activities/Programme Expenses
Local (Direct & Support)
Overseas (Direct & Support)
Charitable Activities/Programme Expenses
Expenses
Other Expenses
Total Expenditure

Balance Sheet
Assets
Land and Buildings
Other Tangible Assets
Investments
Inventories
Account Receivables
Cash & Deposits
Other Assets
Total Assets
Funds
Total Unrestricted Funds
Total Restricted Funds
Endowments Funds
Total Funds and Reserves
Liabilities
Total Current Liabilities
Total Non-Current Liabilities
Total Liabilities
Total Funds and Liabilities

Other Information
Donations, Grants and Sponsorships given to other registred charities
No. of Employees
Total Employee Cost
Fudnraisig Efficiency Ratio
Total Related Party Transactions

N.A: This charity is not required to submit Online Financial Summary for the respective Financial Year.

- : This field is not required for the respective Financial Year