Akhuwat Business Loan
Small Business Owner in Karachi City, Statelife building, 1 I.I Chundrigar Rd, City Railway Colony, Karachi, Pakistan
AkhuwatFoundation is a non-profit microfinance organization that provides interest-free loans (Qarz-e-Hasna) to support individuals and small businesses. Established in 2001 in Pakistan, it aims to alleviate poverty and promote financial inclusion through a community-based model.
Key Features of Akhuwat Loan:
✔ Interest-Free Loans: No profit or markup is charged on loans.
✔ Loan Categories:
Education Loan – Up to ₹5 lakh for students.
Marriage Loan – Up to ₹25 lakh for wedding expenses.
Business Loan – Ranges from ₹50 lakh to ₹5 crore to support entrepreneurs.
Housing Loan – Financial aid for home construction and renovation.
✔ Shariah-Compliant: Operates under Islamic Qarz-e-Hasna principles.
✔ Repayment Flexibility: Easy installment plans for borrowers.
✔ Funded by Donations: Supported through public contributions and philanthropy.
Akhuwat Foundation has transformed thousands of lives by empowering individuals, encouraging self-sufficiency, and fostering economic growth without interest-based burdens.