BankIslami has signed an agreement with Akhuwat Foundation, an Interest free Micro-finance NGO. Under the agreement, BankIslami will provide Cash Management solutions to Akhuwat for the distribution of Qarz-e-Hasna Scheme (Interest Free Loans). Loan disbursement will take place through BankIslami’s nationwide network of 317 branches. Akhuwat is known for running World’s largest interest free micro finance NGO network with over 500 camp offices nationwide.
Agreement was signed by Mr. Hasan A. Bilgrami, Chief Executive Officer- BankIslami and Dr. Muhammad Amjad Saqib, Executive Director- Akhuwat.
Speaking on the occasion, Mr. Hasan A. Bilgrami said: “Alliance with Akhuwat will go a long way in providing facility to the borrowers of Qarz e Hasna Scheme. BankIslami will also contribute its share in this noble cause of serving the under privileged segments of the society”. Dr. M. Amjad Saqib also added that “We are proud to partner with BankIslami and we appreciate their support for Akhuwat”.