A COMPANY SET UP UNDER SECTION 42 OF THE COMPANIES ORDINANCE 1984
Company Registration Number: 0105253
Launched in 2001, hundreds of thousands of poor families have been supported through Akhuwat’s interest-free microfinance loans. As Akhuwat’s core program, Akhuwat Islamic Microfinance (AIM) provides interest-free loans to the underprivileged to enable them in creating sustainable pathways out of poverty. With 800+ branches in over 400 cities across Pakistan, AIM is the largest interest-free microfinance program in the world, Alhamdulliah.
AIM was set up as a company under “Section 42 of the Companies Ordinance 1984” with the objective of providing interest-free microfinance to the impoverished and underprivileged members of society so as to enhance their standards of living. Drawing on the principles of justice and brotherhood, AIM strives to alleviate poverty by creating a system based on mutual support in society. It works through establishing centers in religious places, fostering and harnessing the spirit of volunteerism, and aspiring to transform its borrowers into agents of change. To date, Akhuwat has disbursed over 4.2 million interest-free loans amounting to PKR 128 billion ($805 million) helping 3 million families across Pakistan.