Meezan Bank approves PKR 49 billion housing finance under Apna Ghar

Meezan Bank has approved 6,880 housing finance applications worth approximately PKR 49 billion under the government’s Wazir-e-Azam Apna Ghar Program – Ghar Ho Tu Apna, with 1,000 families receiving financing totaling PKR 7.34 billion as of September 30, the bank said.

The bank received more than 27,800 applications seeking approximately PKR 179 billion through its own network and the Pakistan Housing Authority Foundation portal.

How much housing finance has Meezan Bank approved?

Meezan Bank has approved 6,880 applications worth about PKR 49 billion under the government-backed housing program. Of those, 1,000 families had received financing totaling PKR 7.34 billion by September 30, while applications submitted through the bank and the Pakistan Housing Authority Foundation portal exceeded 27,800.

Of the applications received, 13,474 worth PKR 100.7 billion came through Meezan Bank’s network, while another 14,397 applications worth PKR 78.65 billion were submitted through the government housing portal.

Meezan Bank is providing Shariah-compliant housing finance under the program, which is part of the government’s broader effort to expand access to affordable homeownership.

“At Meezan Bank, we believe that Islamic finance can play a meaningful role in making home ownership accessible to a much larger segment of society,” Ahmed Ali Siddiqui, the bank’s group head of consumer finance, said.

Through Ghar Ho Tu Apna, the bank aims to work with the government to make homeownership possible for thousands of Pakistani families, Siddiqui said.

Meezan Bank said it would continue expanding affordable housing finance through its network and Islamic finance expertise.