Al-Quds University, the Monetary Authority and the Bank of Palestine signed the first agreement to implement the “Israr” program to finance the tuition fees of Al-Quds University students.
The agreement aims to start implementing easy financing for Al-Quds University students under the “Izdar” program through educational loans to be repaid over 12 months with a grace period of up to two months. The Monetary Authority has allocated 25 million NIS to finance this program under the “Sustainability” program.
The agreement was signed by Al-Quds University Vice President for Administrative and Financial Affairs Prof. Dr. Hussein Jadou, Monetary Authority Governor Mr. Yahya Shinar, and Bank of Palestine General Manager Mr. Mahmoud Shawa, in the presence of Deputy Governor Mr. Mohammad Manasra, Director of Banking Supervision Department Mr. Iyad Nassar, and a number of technical staff.
Prof. Dr. Hussein Jadou, Vice President for Administrative and Financial Affairs at Al-Quds University, praised the Monetary Authority and the banking sector for their interest in all segments of society, especially the education sector. He emphasized that this initiative will make a great difference for students who face difficulties in providing their university tuition fees and help Palestinian universities to continue their educational journey and provide their services to students.
Mr. Yahya Shinar, Governor of the Monetary Authority, confirmed that this agreement comes within the framework of the ongoing efforts to provide funding to various sectors of society, especially the education sector, explaining that the “Israr” program targets regular students in local universities who do not receive full scholarships, enabling them to complete their university studies without financial difficulties.
Mr. Mahmoud Shawa, Bank of Palestine’s General Manager, explained that the Bank always seeks to support young people through financing programs, indicating that education is a key pillar of development, and that this agreement will provide the necessary financial support to help students achieve their academic and professional ambitions.
