Dr Amjad says Akhuwat running Qarz-e-Hasna scheme with 99.9% recovery rate
LCCI calls fee-free Akhuwat University a big milestone in quality higher education to deserving students
June 1, 2021
LAHORE: Akhuwat Foundation Founder and Executive Director Dr Amjad Saqib has said that the Akhuwat Foundation has been running the most successful and largest Qarz-e-Hasna scheme with a 99.9 percent recovery rate of its interest-free Islamic microfinance programme.
Addressing at the Lahore Chamber of Commerce and Industry (LCCI), he said that Akhuwat – since its inception in 2001 – had disbursed a sum of Rs150 billion as interest-free loans to 4.4 million people of the deprived communities. He said that the interest-free loan programme had enabled hundreds of thousands of people to secure basic necessities of life enabling them to live with dignity and honour.
Charity organisations are now working more dynamically, curating impactful campaigns stirring donors to make instantaneous donations, without stepping outside their homes
The Bank of Punjab, Akhuwat Islamic Microfinance sign agreement for promoting low-cost housing
May 4, 2021
The Bank of Punjab (BOP) and Akhuwat Islamic Microfinance (AIM), have signed an agreement for promoting Low-Cost Housing under Government’s Markup Subsidy Scheme (G-MSS).
The ceremony was held at The Bank of Punjab’s Head Office in Gulberg, Lahore.
Zafar Masud – President& CEO BOP and Asif Riaz – Group Head Retail and Priority Sectors Lending represented BOP, while Akhuwat Islamic Microfinance (AIM), was represented by Dr. Muhammad Amjad Saqib – Executive Director, Dr. Kamran Shams – Director and Shahzad Akram – Chief Credit Officer.
Zafar Masud opined, this is a revolutionary step in the Housing Industry and such arrangements shall help us extend support at grass root level. Dr. Amjad Saqib appreciated BOP’s initiative to take a lead in this noble cause and expected that like all other government subsidized schemes, BOP shall assume a leading role in this s
National
April 2, 2021
PESHAWAR: The government of Khyber Pakhtunkhwa on Thursday signed an agreement with Akhuwat Foundation to launch interest-free microfinance scheme (IFMS) through which small scale loans up to Rs75,000 would be provided to entrepreneurs in the merged districts.
The interest-free loan scheme would consist of revolving fund of Rs1 billion, said a handout, adding, under the said scheme, 25percent quota had been allocated for females, 5pc for special persons and 2pc for transgender persons. A ceremony to this effect was held here at the Chief Minister’s House with Chief Minister Mahmood Khan as chief guest.
Special Assistant to chief minister on Industries Abdul Kareem Khan, Secretary Industries Javed Marwat, Chief Executive Officer Akhuwat Foundation Dr. Amjad Saqib and other concerned high ups also attended the ceremony.
Dream Pakistan Conference to Highlight Pakistan’s Achievements, Discuss Challenges
To highlight the achievements of Pakistan, the current challenges it’s facing, and the ideal Pakistan that every citizen dreams of, the Dream Pakistan Conference 2021 is being organized on March 21, 2021 in Karachi.
Pakistan’s renowned speakers and leaders will attend the conference and share their intellectual insights about Pakistan’s future and citizens’ individual contributions towards achieving it. Some of the eminent speakers at the conference will include Dr. Amjad Saqib, Arif Anis, Kamran Rizvi, and Zeba Bakhtiyar.
The conference is divided into three segments: Unity, Faith & Discipline. Each segment includes two keynotes and a fireside chat. Kamran Rizvi (Trainer, Coach & CEO @ Carnelian) will be unpacking the national anthem of Pakistan and taking the audience on a roller coaster ride of the deeper meaning behind the anthem.