Karachi – In line with the State Bank of Pakistan’s (SBP) national initiative to promote inclusive and affordable housing, Faysal Bank Limited (FBL) has launched Mera Ghar Mera Ashiana, its implementation of SBP’s Subsidized Profit, Low-Cost Housing Finance Scheme. This initiative reflects FBL’s strong commitment to supporting underserved communities and enabling financial stability for low-income groups who aspire to own a home.
Faysal Bank Advances SBP’s Vision for Inclusive Housing
As a responsible and forward-looking Islamic Bank, FBL is playing a key role in furthering SBP’s vision by offering Shariah-compliant housing finance solutions that are accessible, transparent and tailored to the needs of first-time home buyers. Through this scheme, the Bank aims to empower individuals and families who have traditionally been excluded from formal housing finance, helping them take a meaningful step toward economic progress and social uplift.
Affordable Housing Finance Through Subsidized Profit Rates
The scheme offers subsidized profit rates and simplified eligibility criteria, making home financing more attainable for low- and middle-income segments. Financing is available for the purchase of constructed residential properties, acquisition of plots for construction, or building homes on owned land, all through the Diminishing Musharakah model.
Leadership Commitment to Financial Inclusion
Sharing his thoughts on the initiative, Mr. Yousaf Hussain, President & CEO, Faysal Bank, said: “We sincerely acknowledge the State Bank of Pakistan and the Government of Pakistan for their continued efforts in promoting inclusive housing finance. At Faysal Bank, we are honoured to support this important national initiative by offering Shariah-compliant solutions that enable low-income families to achieve home ownership. We remain deeply committed to advancing financial inclusion and contributing to causes that foster long-term economic and social progress.”
Nationwide Access and Economic Impact
Available across Faysal Bank’s nationwide branch network, this initiative supports individual aspirations while contributing to broader economic activity in the construction and allied sectors. It is a testament to the collaborative efforts between SBP and participating banks like FBL to drive financial inclusion and national development.
Faysal Bank’s Ongoing Role in Housing Empowerment
Faysal Bank remains committed to serving the evolving needs of millions of Pakistanis and is pleased to be part of this transformative journey toward housing accessibility and financial empowerment.
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