The Aga Khan Foundation provides a limited number of scholarships for postgraduate studies to outstanding students from developing countries who have no other means of financing their studies in order to develop scholars and prepare them for employment, primarily within the Aga Khan Development Network (AKDN). Scholarships are awarded on a 50% grant : 50% loan basis.  Applications for short-term courses are not considered; neither are applications from students who have already started their course of study.

Eligibility: The main criteria for selecting award winners are: l) excellent academic records, 2) genuine financial need, 3) admission to a reputable university and 4) relevance of the field of study to AKDN's focus areas. Candidates are also evaluated on their extra-curricular interests and achievements, potential to achieve their goals and likelihood to succeed in a foreign academic environment. Applicants are expected to have some years of work experience in their field of interest.  Preference is given to students under 30 years of age.

Applications generally open in January and are due in March each year.