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- info@akhuwatofficialwebsite.com
About us
Akhuwat is a not-for-profit organization which was founded in 2001 on the Islamic principle of Mawakhat (مواخات) or solidarity. The concept of Mawakhat predates to 622 CE when Prophet Muhammad (Peace Be Upon Him) urged the residents of Medina (Ansars) to share half of their belongings with the Muhajirs (migrants) who were forced to flee persecution and migrated from Mecca to Medina.
Drawing inspiration from the generosity displayed by the Ansars, Akhuwat believes that if the same approach, where one affluent family embraces a less fortunate one is adopted today, inequality will be eradicated from the world.
Akhuwat Foundation stands out as a unique loan provider in Pakistan,
offering ethical, interest-free loans (Qarz-e-Hasna) designed to uplift
those in need. Unlike conventional banks, Akhuwat prioritizes social
welfare over profit.
As Akhuwat’s core program, Akhuwat Islamic Microfinance (AIM) provides interest-free loans to the underprivileged to enable them in creating sustainable pathways out of poverty. With 800+ branches in over 400 cities across Pakistan, AIM is the largest interest-free microfinance program in the world, Alhamdulillah.
No society can prosper unless the fundamental right to education is granted to all of its citizens. Therefore, Akhuwat’s vision of creating a poverty-free society would remain incomplete unless the root cause; illiteracy, was addressed.
Akhuwat Clothes Bank collects, sorts and cleans donated clothing & gifts and presents them to low-income families. These gifts are disbursed throughout the year while special campaigns are carried out during peak winter season and natural disasters.
The social and economic exclusion of the Khwajasira or transgender (Third Gender) community in Pakistan has left them dependent on alms, vulnerable to exploitation and increasingly susceptible to abuse. Realizing this and the consequent need for action in this arena, Akhuwat, in collaboration with Fountain House launched the Akhuwat Khwajasira Support Program in 2011. The program works with the vision of creating a system of support for members of the Khwajasira community.
Akhuwat Health Services (AHS) serves the poor through affordable and effective health care services. It provides subsidized medicines, lab tests, free examination and consultation to those families that are unable to afford basic health care. In 2009, AHS set up a health center in Township, Lahore
| Loan Amount | Time Period | Monthly Installment |
|---|---|---|
| 50,000 | 01 YEAR | 4,170 EMI |
| 100,000 | 01 YEAR | 8,335 EMI |
| 500,000 | 05 YEARS | 8,335 EMI |
| 1,000,000 | 10 YEARS | 8,335 EMI |
| 1,500,000 | 10 YEARS | 12,500 EMI |
| 2,000,000 | 10 YEARS | 16,670 EMI |
| 3,000,000 | 10 YEARS | 25,000 EMI |
| 5,000,000 | 15 YEARS | 27,780 EMI |
Our clients value the seamless loan process at the Akhuwat Foundation, praising our supportive staff and flexible repayment options that make financial assistance accessible and stress-free.
COMPANY’S OWN COMPLAINT HANDLING INFORMATION
DISCLAIMER: “In case your complaint has not been properly redressed by us, you may lodge your complaint with Securities and Exchange Commission of Pakistan (the “SECP”). However, please note that SECP will entertain only those complaints which were at first directly requested to be redressed by the Company and the company has failed to redress the same. Further, the complaints that are not relevant to SECP’s regulatory domain/competence shall not be entertained.”
At Akhuwat Foundation, our mission is to offer interest-free financial support to those in need, fostering economic empowerment and social justice. We strive to build a more equitable society by helping individuals and families achieve their dreams, ensuring that everyone has access to opportunities that can transform their lives for the better.
Akhuwat (Registration Number 3048949) is a non-profit organization which was registered in 2003 under Pakistan’s Societies Registration Act XXI of 1860. Akhuwat is an approved NGO by Pakistan’s Federal Board of Revenue.
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