What Is Akhuwat’s Interest‑Free Loan?
Akhuwat Foundation provides 100% riba‑free microfinance, where borrowers repay only the principal amount—no profit, no interest. This aligns with Islamic Qard‑e‑Hasan principles .
It is Pakistan’s largest interest‑free lender, having disbursed PKR 128–220 billion to over 3–6 million families, with a repayment rate of approximately 99.9% .
Types of Interest‑Free Loans
Akhuwat covers several categories:
Business/Family Enterprise Loan: PKR 10,000–650,000 for startups or expansion
100% interest‑free microfinance (Qard‑e‑Hasan) — borrowers repay only the principal amount, with no profit, markup, or interest charges .
Operates on donations and community trust, without requiring collateral .
To date, over 6 million families have benefited, with PKR 220 billion+ disbursed and a repayment rate of around 99.9% .
📦 Loan Types Offered
Akhuwat provides several tailored loan categories to support diverse needs:
Business (Family Enterprise) Loan: PKR 10,000–650,000; ideal for micro‑entrepreneurs and small businesses turn0search6turn0search13
The Akhuwat Foundation (اخوت فاؤنڈیشن) is a leading nonprofit based in Lahore, Pakistan, offering 100% interest‑free microfinance to marginalized individuals and families. Founded in 2001 by Dr. Muhammad Amjad Saqib, its mission is to alleviate poverty through dignity, community solidarity, and economic inclusion .
🌟 Key Highlights
- Akhuwat Islamic Microfinance (AIM)
Provides Qarz-e-Hasna (benevolent, collateral‑free loans) across Pakistan.
Loan amounts range typically from PKR 10,000 to PKR 650,000, depending on the scheme .
Over 4–6 million loans disbursed, totaling more than **PKR
Interest Free Microfinance
Akhuwat Foundation: Empowering Lives Through Brotherhood
Founded in 2001, Akhuwat Foundation is a pioneering nonprofit organization in Pakistan dedicated to poverty alleviation through interest-free microfinance and holistic community development.
Core Philosophy
- Inspired by the Islamic principle of Mawakhat (brotherhood)
- Operates on values of solidarity, compassion, and inclusivity
- Uses religious spaces like mosques and churches as loan disbursement centers to foster trust and reduce costs.
Interest-Free Microfinance - Over 4.5 million loans disbursed totaling PKR 128 billion
- Loans range from PKR 10,000 to PKR 650,000
- Focus on family enterprise loans, housing, education, health, and liberation from debt.