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- a subsidized, 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.
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.
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.
Sharing his thoughts on the initiative, Yousaf Hussain, President and CEO, Faysal Bank appreciated the efforts of the State Bank of Pakistan and the Government of Pakistan for their continued support 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”, he added.
Copyright Business Recorder, 2025