This was announced in a recent meeting of the ministers of the organization’s members states, Sputnik reported.
It said the meeting was held in Rabat, Morocco’s capital, to discuss mechanism for supporting the Islamic world’s talented individuals.
ISESCO Secretary General Salim Mohammed Al-Malik said the fund will help promote innovation among people in the member states.
He said the members of the organization has extensively supported the initiative.
ISESCO has previously introduced numerous plans to support research studies in the Muslim world especially among university students.
The organization has also launched an award in the field of scholarly studies on the Quran’s miracles.
ISESCO is an international organization working within the framework of the Organization of Islamic Cooperation (OIC), specializing in the fields of education, science, culture and communication.
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