BankIslami Pakistan has signed an agreement with Akhuwat Foundation, an Interest free Micro-finance NGO. Under the agreement, BankIslami will provide Cash Management solutions to Akhuwat for the distribution of Qarz-e-Hasna Scheme (Interest Free Loans). Loan disbursement will take place through BankIslami's nation-wide network of 317 branches. Akhuwat is known to running World's largest interest free micro finance NGO network with over 500 camp offices nation-wide
MoU was signed by Hasan A Bilgrami, Chief Executive Officer (CEO) BankIslami Pakistan and Dr Muhammad Amjad Saqib, Executive Director Akhuwat. Speaking on the occasion, Hasan A Bilgrami said: "Alliance with Akhuwat will go a long way in providing facility to the borrowers of Qarz e Hasna Scheme. BankIslami will also contribute its share in this noble cause of serving the under privileged segments of the society". Dr M Amjad Saqib also added that "We are proud to partner with BankIslami and we appreciate their support for Akhuwat".-PR