Magbit Founding Member

Founder: Mr. Parviz Nazarian

Founding Members

The Magbit Foundation was established in 1990 to promote education in the State of Israel for students seeking to complete their university studies. To accomplish this worthwhile goal, Magbit established an innovative “Interest- Free Loan” program for needy and qualified students. This program was designed to preserve the dignity and spirit of the students, as well as to instill in them a sense of r  esponsibility.  The loan recipients repay the loans when they are financially  able to do so. The loan repayments go directly to