{"id":74611,"date":"2021-03-04T17:06:56","date_gmt":"2021-03-04T12:06:56","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=74611"},"modified":"2021-03-04T17:07:02","modified_gmt":"2021-03-04T12:07:02","slug":"mou-signed-between-akhuwat-and-hbl","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/mou-signed-between-akhuwat-and-hbl.html","title":{"rendered":"MoU signed between Akhuwat and HBL to promote Islamic home finance"},"content":{"rendered":"\n<p>Lahore: The Habib Bank Limited\u2019s Islamic Banking branch and Akhuwat Islamic Microfinance have signed a Memorandum of Understanding (MoU) \u2013 under which a programme will be formulated to provide Shariah-compliant housing finance facilities to applicants identified by Akhuwat, according to a news source published on March 3.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/multiple-banks-sign-low-cost-housing-finance-agreements-with-pmrc.html\" target=\"_blank\" rel=\"noreferrer noopener\">Multiple banks sign low-cost housing finance agreements with PMRC<\/a><\/p>\n\n\n\n<p>The agreement was signed in Lahore by HBL Islamic Banking Head Muhammad Afaq Khan and Akhuwat Founder Dr Amjad Saqib. Through this MoU, Akhuwat will recommend applicants and oversee the construction of houses for these applicants.<\/p>\n\n\n\n<p>Commenting on this strategic partnership, HBL President and Chief Executive Officer Muhammad Aurangzeb said that this agreement will help promote the bank\u2019s financial inclusion agenda by helping finance sustainable,<a href=\"https:\/\/www.zameen.com\/news\/sbp-extends-loan-limit-low-cost-housing-finance.html\" target=\"_blank\" rel=\"noreferrer noopener\"> cost-effective housing <\/a>units for underprivileged segments of the country.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/emaar-pakistan-meezan-bank-sign-mou-on-housing-finance.html\" target=\"_blank\" rel=\"noreferrer noopener\">Emaar Pakistan, Meezan Bank sign MoU on housing finance<\/a><\/p>\n\n\n\n<p>\u2018We are looking forward to work with Akhuwat\u2019s professional team and playing a role in the execution of the next phase of Pakistan\u2019 economic development,\u2019 he further stated.<\/p>\n\n\n\n<p>HBL Islamic Banking Head Muhammad Afaq Khan stated that Pakistan faces a housing crisis. He assured that this agreement will help provide affordable housing for Pakistanis \u2013 regardless of their income capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Habib Bank Limited\u2019s Islamic Banking branch and Akhuwat Islamic Microfinance have signed a Memorandum of Understanding (MoU) \u2013 under which a programme will be formulated to provide Shariah-compliant housing finance facilities to applicants identified by Akhuwat, according to a news source published on March 3. Read: Multiple banks sign low-cost housing finance agreements with PMRC The agreement was signed in Lahore by HBL Islamic Banking Head Muhammad Afaq Khan and Akhuwat Founder Dr Amjad Saqib. Through this MoU, Akhuwat will recommend applicants and oversee the construction of houses for these applicants. Commenting on this strategic partnership, HBL President and Chief Executive Officer Muhammad Aurangzeb said that this agreement will help promote the bank\u2019s financial inclusion agenda by helping finance sustainable, cost-effective housing units for underprivileged segments of the country. Read: Emaar Pakistan, Meezan Bank sign MoU on housing finance \u2018We are looking forward to work with Akhuwat\u2019s professional team and playing a role in the execution of the next phase of Pakistan\u2019 economic development,\u2019 he further stated. HBL Islamic Banking Head Muhammad Afaq Khan stated that Pakistan faces a housing crisis. He assured that this agreement will help provide affordable housing for Pakistanis \u2013 regardless of their income&hellip;<\/p>\n","protected":false},"author":75,"featured_media":67120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[45398],"persona":[],"class_list":{"0":"post-74611","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-mou-signed-between-akhuwat-and-hbl-to-promote-islamic-home-finance","10":"cat-15016-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MoU signed between Akhuwat and HBL - Zameen News<\/title>\n<meta name=\"description\" content=\"The agreement was signed in Lahore by HBL Islamic Banking Head Muhammad Afaq Khan and Akhuwat Founder Dr Amjad Saqib to promote housing finance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/mou-signed-between-akhuwat-and-hbl.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MoU signed between Akhuwat and HBL - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The agreement was signed in Lahore by HBL Islamic Banking Head Muhammad Afaq Khan and Akhuwat Founder Dr Amjad Saqib to promote housing finance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/mou-signed-between-akhuwat-and-hbl.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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