Welcome to Akhuwat Foundation:

Welcome to the official website of Akhuwat Foundation!

Our research reports

explain how Akhuwat is helping poor and deserving people through different programs. These reports show our goal: to create a fair society where people help each other and support those in need.

Mentioned in Oxford Journal:

Akhuwat has been mentioned in the Oxford Journal of Finance and Risk Perspectives in a study called “Islamic Finance and the Role of Qardza-Hassan (Benevolent Loans) in Enhancing Inclusion.” This study highlights how interest-free loans can help more people become part of the financial system.


How akhuwat loan's work:

Akhuwat Islamic microfinance (AIM) gives interest-free loan's. Before approving a loan, we check if the person is eligible, visit to learn about their business or plan, and ask for two guarantors (not from the family) to support the application.

How can apply for a loan ?

You can apply for a loan if you: 

• Have a valid CNIC (identity card).

• Are between 18 and 62 years old.

• Want to start or grow a business.

• Have no criminal record.

• Are known as a good and honest person in your area.

• Can provide two guarantors who are not family members.

Documents you need for the loan :

Please bring this documents when applying;

•Rcent utility bills

   ° Your bill is required 

   ° family members bill: optional 

   ° Guarantors bill: required 

• Recent photos 

   ° your photo: required 

• Marriage certificate ( Nokahnama)

    ° Required (if you don't have it, we make sept other proof after checking).

Akhuwat's Role in Poverty Alleviation through Interest-Free Loans and Social Support Programs:

Akhuwat has given 4.5 million interest-free loans, called Qarz-e-Hasna, worth PKR 128 billion (about 798 million US dollars) to help over 3 million families in Pakistan. These loans are part of Akhuwat’s effort to reduce poverty and include more people in the financial system.

To deal with poverty in different ways, Akhuwat also provides help with education, healthcare, clothes for poor people, and support for the transgender community.

History:

Akhuwat Foundation started in 2001 by giving its first interest-free loans to poor people so they could earn money in a respectful way. The foundation works based on five main ideas. These are: giving interest-free loans, using religious places to help people, treating everyone equally, encouraging volunteer work, and helping borrowers become donors. Here’s what each idea means:

1. Qarz-e-Hasan (Good Loan): This is a loan that doesn’t charge any interest. Akhuwat gives loans from PKR 10,000 (about USD 35) to PKR 650,000 (about USD 2,330). The person only has to return the same amount they borrowed. There are no extra fees.

2. Using Religious Places: Akhuwat uses mosques, churches, and temples as places to give out loans and help the community. This saves money, helps them reach more people, and builds trust.

Akhuwat Foundation Financing

If you are considering applying for a loan from the Akhuwat Foundation, you’re in the right place. You can easily apply online for loans ranging from Rs. 500,000 to Rs. 50 million, all from the comfort of your home. The Akhuwat Foundation offers five types of loans: Personal, Student, Wedding, Business, and Car Loans.

In 2024, the Akhuwat Foundation reintroduced its interest-free home loan program, allowing you to borrow amounts ranging from Rs. 100,000 to Rs. 6.5 million. Loans up to Rs. 100,000 are entirely interest-free, while loans exceeding this amount have a nominal interest rate of 0.001%, which may increase to 0.002% under the home loan scheme. To qualify, applicants must be Pakistani citizens aged between 24 and 70, living below the poverty line (with a poverty score under 30), and present a viable business plan. The program is set to launch in 30 days, and the Akhuwat Foundation assures that no fees or payments are required before signing the loan agreement.

3. No Discrimination: Akhuwat helps all people equally. It doesn’t matter what you religion, race, gender,or background is.

4.Volunteer support:

Many kind of people give their time and energy to help akhuwat. These volunteer are a big part of the foundation's success.

5.Borrowers become bonors:

People who take loan's from akhuwat often improve their lives. Later, some of them choose to donate to help others. These donation's are always optional.


Why Choose an Akhuwat Loan?

Akhuwat Foundation stands out as a unique loan provider in Pakistan, offering ethical, interest-free loans (Qarz-e-Hasna) aimed at helping those in need. Unlike traditional banks, Akhuwat prioritizes social welfare over profit. They offer loans for various purposes, such as business, education, and healthcare, with no hidden fees or processing charges. Applications can be submitted both online and in person at local branches, promoting a community-focused approach. Akhuwat’s mission is to alleviate poverty by providing accessible, transparent, and cost-free financial assistance, empowering individuals to improve their quality of life.