The Manchester City player, 19, joined the Iron ahead of last week's game against Leeds but the loan was initially billed as month-long.
It was then made clear there was the possibility of the move being extended until the end of the season, so long as all parties were happy to do so.
The initial one-month period was in case Ibrahim had any issues being away from his family for the first time.
No one need have worried. He has started both of the Iron's Championship games, and the Somali-born youngster seems to have settled quickly in North Lincolnshire.
"I would love to stay at Scunthorpe United for the rest of the season, save the team from relegation and do the work the fans and the team want," he wrote on the social networking website Twitter.
"I am really thankful for Iron fans who already feel me, I am in home only in my second game. Cheers."
Ian Baraclough, the Iron manager, said he had been welcomed by his new teammates. "He's a great kid, he's quiet but the lads have taken to him," he said on Tuesday, speaking to the club's official website.
"The initial month loan was just through Abdi and his agent as this is the first time he's been away from home.
"He's a young family-orientated fella. All of his family have moved over to Manchester just because he is playing football and I think they were worried if he didn't settle."