There are now 1,137 students enrolled at the university, boys as well as girls.

The initial funding for the university came from the Islamic Solidarity Fund and in the form of donations from governments and Islamic organizations, as well as from individual philanthropists.

Last year the Islamic University of Uganda was faced with financial problems, and was not able to adequately service its debts. Therefore the Islamic Solidarity Fund had to intervene and bailed it out to the tune of US$600,000, and at the same time the Fund asked the Islamic Development (IDB) to grant the university a loan that would enable it to pay its debts.

But this request has yet to be met.

But the Kingdom of Saudi Arabia has come up with a rescue plan, under which a commercial center, to be known as the King Fahd Plaza, is to be built in the heart of the Ugandan capital, and toward which the kingdom has paid US$5,000,000. The center, which would be in the name of the Islamic Solidarity Fund, is expected to generate income to the tune of US$1.5 million per annum, all of which would go toward supplementing the university’s budget.