A scholarship named after Professor Dr. M. Lutfar Rahman for the students of the Faculty of Science and Information Technology (FSIT) has been instituted out of fund amounting to taka one lac donated by Professor Dr. M. Lutfar Rahman, honorable Vice Chancellor, DIU during his tenure as the Dean, Faculty of Science and Information Technology in the same university.The value of each scholarship is Taka 10,000/- per annum.

Rules of the selection are as follows:

• The scholarship will be provided for each calendar year i.e., from 1st January to 31st December.
• Students of Level 1, Level 2 and Level 3 will be considered / brought under this scholarship program.
• One student from FSIT will get the scholarship under the basis of Highest CGPA throughout the calendar year. If two (02) students are found with the same highest CGPA, then the amount will be equally distributed between them. If more than two students are found with the same highest CGPA, then individual semester results will be considered as the tool for evaluation.
• The student who has completed at least 36 credits in a calendar year will be considered for evaluation.
• A committee comprising of two Deans and Controller of Examinations will select the eligible candidate for the award.