Akhuwat Loan Schemes: Terms and Conditions

Akhuwat offers interest-free loan schemes to empower individuals and families. While the specific details may vary depending on the loan program, here’s a general outline of the terms and conditions:


  • Residency: You must be a resident within the operational area of the Akhuwat branch applying to.
  • Age: The age range for eligibility typically falls between 18 and 62 years old.
  • CNIC: A valid Computerized National Identity Card (CNIC) is mandatory.
  • Financial Standing: Depending on the program, you may need to meet a specific poverty scorecard requirement.
  • Business Plan: For business loans, a sound and viable business plan might be required.
  • Guarantors: Two guarantors who are not members of your family are usually required.
  • Good Character: Akhuwat emphasizes good social and moral character within the community.

Loan Details:

  • Loan Amount: The maximum loan amount varies depending on the program. It can range from PKR 50,000 to PKR 50,00,000.
  • Repayment Period: Repayment terms can range from 13 to 60 months, depending on the program.
  • Interest: Akhuwat loans are Sharia-compliant, meaning they are interest-free. However, there may be nominal administrative fees associated with the loan processing.

Loan Process:

  • Application: The application process typically involves submitting a formal application form along with any required documents like a business plan or proof of residence.
  • Selection: Akhuwat employs a selection process to assess eligibility and the viability of your loan request.
  • Disbursement: Loan disbursements often occur at mosques or community centres, ensuring transparency and community involvement.

General Conditions:

  • Loan Purpose: The loan funds must be used for the purpose outlined in the approved application.
  • Repayment Commitment: Timely repayment is crucial. Akhuwat emphasizes a strong sense of responsibility among borrowers and may take steps to recover overdue payments.
  • Sharia Compliance: Akhuwat adheres to Islamic principles. Review their website for any specific terms related to Sharia compliance that may apply to your loan.

Important Note:

These are general terms and conditions. It’s vital to refer to the official Akhuwat website for the most up-to-date and program-specific terms and conditions applicable to your situation. The website likely has a dedicated section for “Terms and Conditions” or FAQs (Frequently Asked Questions) that provide a more comprehensive understanding of the loan schemes.

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