KARACHI: United Bank Limited (UBL) has 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 non-profit organization, has in-depth expertise in serving the underprivileged through favorable financial schemes. Through this agreement, AIM will coordinate with UBL in the identification of the individuals who desire to obtain a 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. Shazad G Dada, President & CEO UBL, along with Zia Ijaz, Group Executive, Branch Banking & International, 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. Dr. Muhammad Amjad Saqib, Executive Director AIM said, “It is indeed heartening to see that large banks like UBL are working wholeheartedly to bring about a positive change in the society.”
“We look forward to working with UBL on this noble project to bring affordable and convenient housing solutions for the deserving masses of Pakistan,” he added.
It is worth mentioning here UBL has been one of the leading advocates of the government-backed ‘Mera Pakistan Mera Ghar’ low-cost housing finance scheme since its inception.