JCF staff had taken a unique initiative few years back to contribute from their monthly salary and generate an education fund which is named after Professor Sharif Hossain, who was a renowned educationist and the founder chairman of JCF. All staff of JCF donated 1% of their monthly salary and accumulated Tk. 26,747,219. This fund is being used to provide scholarships to the poor meritorious students from graduation level to highest level of education in the country. This is known as Professor Sharif Hossain Education Fund. A total of 40 students are now receiving this scholarship and 39 students have completed their education.
JCF also provides Education Support Services to the children of its group members of Microfinance Program to pay SSC examination board fees. This service was initiated in 2003 only for the SSC examinee but from FY 2015-2016 HSC examinees are also getting the support and up to FY 2016-2017 JCF Microfinance Programme provided BDT. 82,295,930 to 63,215 students. Moreover, every successful student who passed SSC examination is also awarded BDT.5000 as stipend for their higher education which was initiated in 2006 but from FY 2014-2015 HSC passed students are also getting the support and up to FY 2016-2017 a total of BDT. 38,195,000 have been distributed among 7,639 students.