The Palestine Monetary Authority (PMA), Bank of Palestine and Al-Quds University have signed the first agreement to implement the Israr programme to finance university students’ tuition fees. The arrangement begins offering affordable education loans for Al-Quds University students, repayable over 12 months with a grace period of up to two months, supported by a PMA allocation of ILS 25 million under the Estidama programme. The Israr programme targets full-time students at local universities who do not receive full scholarships, aiming to help them continue their studies without facing financing constraints. It also seeks to bring these students into the banking system by expanding their access to banking services, supporting financial inclusion.
Palestine Monetary Authority 2025-02-21
Palestine Monetary Authority signs first Israr programme agreement to provide tuition fee loans backed by ILS 25 million
The Palestine Monetary Authority, Bank of Palestine, and Al-Quds University have launched the Israr programme to provide affordable education loans to Al-Quds University students, backed by a PMA allocation of ILS 25 million under the Estidama programme. It targets full-time students lacking full scholarships, offering loans repayable over 12 months with a grace period of up to two months, aiming to enhance financial inclusion by integrating students into the banking system.