For four years the Russian Mufties Council has been cooperating with the Islamic Development Bank in providing interest-free educational loans. Each year, the Bank allocates 16 quotas of the Russian youth in the age of 24. Today, interest-free educational loans have received 45 students of metropolitan and regional universities.

Today, the IBR got for consideration documents of 18 students from Moscow, Samara, Dagestan, Saratov, Kazan and Penza.

Initially, the program of the Islamic Development Bank aims to strengthen the Muslim community by increasing the level of education of its members, development projects and programs aimed at solving social problems and to promote solidarity in society.

Recipients of interest-free loans for tertiary education in technical, medical and other knowledge-based industries, get these funds subject to repayment, but the returned funds do not come to the bank, and there is  a specially created account, and all money will be spent on the development of various social programs for the benefit of the community.