Wed. Jul 24th, 2024
Good News! Akhuwat Foundation Launches Interest-Free Loan Program 2024

Millions of needy families receive interest-free loans in accordance with Islamic principles through Akhuwat Islamic microfinance loans, enabling them to get out of poverty. The Akhuwat Foundation has more than 800 branches spread across almost 400 Pakistani cities. Globally, the largest interest-free program is Akhuwat Islamic Microfinance.

Interest-Free Loans

Its goal is to raise the standard of living for the needy by offering interest-free loans to them. More than 3 million Pakistani families have benefited from loans worth 180 billion rupees that Akhut has so far given. The amount of paperwork required to apply for and receive a loan is kept to a minimum to facilitate people’s access to it quickly.

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Loans for Education

Any society’s evolution is fundamentally influenced by education. A society cannot advance until all of its members are educated. Eliminating poverty-related illiteracy is the primary goal of the Akhuwat Foundation. Funding for education was a crucial necessity for the community. A lot of educational opportunities have been opened in light of the value of education in creating a society that is both environmentally conscious and compassionate. Akhuwat Foundation’s interventions in primary, secondary, and higher education have made the provision of free, higher-quality education a part of its mission. 

Assistance in Medical Care

The Akhuwat Foundation provides medical care to the poor and ill. It offers free screenings and discounted medications to families unable to pay for their children’s essential medical care. In Lahore, Akhwat Health Service was founded in 2019, and a general clinic, psychiatric clinic, and diabetes center were constructed. Medical professionals who commit their time and skills to helping the poor run it. It gives sick people from low-income families treatment as a gift. 

Also Read: Breaking News: CM Punjab Announces Survey for iPad Scheme 2024

CategoryDescription
ProgramAkhuwat Islamic Microfinance
Coverage800+ branches in 400+ Pakistani cities
Beneficiaries3M+ Pakistani families, 180B PKR disbursed
Loan TypeInterest-free loans
PurposeImprove living standards through interest-free loans

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FAQs

What is the largest interest-free program?

Globally, the largest interest-free program is Akhuwat Islamic Microfinance.

What is the purpose of the Akhuwat Foundation’s interest-free loans?

Its goal is to raise the standard of living for the needy by offering interest-free loans to them.

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