Is a fully funded master's scholarship from "Banque Misr" considered suspicious, or is it part of the bank's social responsibility towards the community?

If the funding originates from usurious interest, then it is not permissible to benefit from it, unless the beneficiary is among those entitled to public funds. However, if the money is a mixture of interest and other sources, then it is permissible to benefit from it, though it is disliked. Banks and institutions must fear Allah and repent from forbidden transactions.