Faysal Bank Partners with Akhuwat to Promote Shariah-Compliant Affordable Housing in Pakistan

Pakistan-based Faysal Bank Limited (Faysal Bank) and Akhuwat, a micro-finance institution, have signed a memorandum of understanding (MoU) to promote Shariah-compliant affordable housing in Pakistan.

Why it matters?

The MoU will promote Shariah-compliant affordable housing under the Government of Pakistan’s low-cost housing finance facility for low-income individuals. The partnership will promote financial inclusivity and uplift the living standards of underprivileged communities in Pakistan by providing sustainable housing, and help support Pakistan’s social and economic development, according to Yousaf Hussain, President and Chief Executive Officer (CEO) of Faysal Bank.

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