UBL, Akhuwat Islamic to offer exclusive low-cost Housing Finance Solutions

Staff Reporter

UBL has been one of the leading advocates of the government backed ‘Mera Pakistan Mera Ghar’ low-cost housing finance scheme since its inception.

To further enhance the Bank’s promotion and extension of this facility, UBL signed an agreement with Akhuwat Islamic Microfinance (AIM) in order to offer exclusive Housing Finance Solutions to the customers of Akhuwat.

Furthermore, UBL will provide Housing Finance solutions on Low Cost Housing variants under Islamic Financing mode and will offer exclusive arrangements to the customers of Akhuwat.

AIM, a not-for-profit organization, has in-depth expertise of serving the under-privileged through favourable financial schemes.

Through this agreement, AIM will coordinate with UBL in identification of the individuals who desire to obtain facility under the scheme.

Both parties will explore viable business opportunities under the scheme and work towards extending the facility to the maximum number of deserving candidates.

The online agreement signing ceremony was held on Tuesday, May 25, 2021. Mr. Shazad G Dada, President & CEO UBL, along with Mr. Zia Ijaz, Group Executive, Branch Banking & International, Mr. Tanveer Farhan Mahmood, Head Islamic Banking and other senior executives were present on behalf of UBL.

AIM was represented by Dr. Muhammad Amjad Saqib, Executive Director along with other senior officials.