Donations/Zakat collections: MMBL signs four MoUs with two social welfare bodies

ISLAMABAD: Mobilink Microfinance Bank Limited (MMBL) has signed four Memorandums of Understanding with key social welfare organizations across Pakistan to foster efficient donations/Zakat collections and aid in their respective disbursements.

During a recent ceremony, MMBL has partnered with Saylani Welfare International Trust, Health and Nutrition Development Society (HANDS), and Sarim Burney Welfare Trust International. The partnerships will utilize deploying branchless banking solutions for enabling these organizations in financially empowering their beneficiaries through faster disbursements via their digital JazzCash wallets.

In line with its commitment towards promoting financial inclusion for all, MMBL, the largest digital bank of Pakistan, is employing innovative digital practices to provide convenient solutions for faster transactions. Speaking at the ceremony, Ghazanfar Azzam-CEO, MMBL said: “We are humbled to be chosen to partner with all these welfare organizations, aimed at benefiting the ones in need. Their work in uplifting the vulnerable communities in Pakistan is commendable. Being the largest digital bank of Pakistan, it is only fitting for us to be providing a digital platform for our consumers to become a part of the work being done by Saylani Welfare International Trust, Health and Nutrition Development Society, and Sarim Burney Welfare Trust International. We look forward to a prolific and sustained partnership.”

Syed Sarim Burney—Chairman, Sarim Burney Welfare Trust International said: “Our partnership with MMBL would serve as a turning point for broadening our services portfolio as it will help our donors in performing swift digital donations. Our account with JazzCash will not only facilitate people contribute in multiple denominations from Pakistan, but also globally.”

Noaman Abdul Majid-Board Member, Saylani Welfare International Trust stated: “Saylani Trust is one of the largest welfare organizations in Pakistan, providing food and clean water supply to over 300,000 people daily.”

Copyright Business Recorder, 2021