Bank records highest-ever monthly housing finance disbursement as demand for Shariah-compliant products rises
KARACHI: Meezan Bank has crossed Rs2 billion in cumulative disbursements under the Government of Pakistan’s affordable housing initiative, Wazir-e-Azam Apna Ghar Program – Ghar Ho Tu Apna (GHTA), marking a significant milestone in its housing finance operations.
The bank also achieved its highest-ever monthly housing finance disbursement, providing Rs1.3 billion in financing during the latest reporting period. The record reflects growing demand for Shariah-compliant home financing solutions as more Pakistanis seek affordable options for home ownership.
According to the bank, the latest achievements demonstrate its continued commitment to supporting the government’s efforts to expand access to affordable housing while strengthening its presence in Pakistan’s housing finance market.
The financing programme enables eligible individuals and families to purchase homes through Islamic financing solutions that comply with Shariah principles.
Housing products target diverse customer segments
Meezan Bank said its housing finance portfolio caters to a wide range of customers, including salaried individuals, self-employed professionals and overseas Pakistanis.
The bank offers financing solutions designed to meet varying customer needs while providing access to home ownership through Islamic banking products.
Officials noted that increasing public interest in Shariah-compliant financing has contributed to the steady growth of the bank’s housing finance business in recent months.
Digital expansion supports faster financing
Meezan Bank stated that it continues expanding its housing finance operations through simplified application procedures, a nationwide branch network, dedicated housing finance teams and enhanced digital services.
The bank said these initiatives are aimed at improving customer experience, reducing processing times and making home financing more accessible across Pakistan.
The latest milestone comes as financial institutions increase their participation in government-backed affordable housing programmes designed to boost home ownership and support the country’s housing sector through easier access to financing.
Meezan Bank reaffirmed its commitment to further expanding its housing finance portfolio while continuing to support national efforts to improve access to affordable, Shariah-compliant housing solutions for Pakistani families.
