New initiative launched for provision of solar financing to women
Faysal Bank Limited (FBL), one of Pakistan’s
leading Islamic banks, has strengthened its commitment to sustainability and
women’s empowerment by partnering with Akhuwat Islamic Microfinance (AIM) and
The Citizens Foundation (TCF). Together, they have launched a new initiative to
provide women with interest-free solar financing. The initiative, which was
launched on International Women’s Day, aligns with FBL’s long-term vision of
fostering a sustainable and equitable future through impactful corporate social
responsibility.
The partnership was formalized with the signing
of a memorandum of understanding (MoU) at Faysal House. This initiative will
enable educators and women across Pakistan to install solar systems with
flexible repayment plans. The ceremony was attended by Yousaf Hussain,
President & CEO of Faysal Bank, Dr. Amjad Saqib, Founder of Akhuwat
Foundation, and senior management from Faysal Bank.
By promoting green energy, this initiative
contributes to global climate goals. It will help reduce electricity costs,
lower carbon emissions, and decrease reliance on the national grid. Faysal Bank
is committed to ensuring financial relief and sustainability for educators—many
of whom are women—so they can continue shaping future generations.
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Yousaf Hussain, President & CEO of Faysal
Bank, remarked, “At Faysal Bank, we believe that true progress is driven by
sustainability and empowerment. Through this initiative, we are not only
advancing renewable energy but also easing financial burdens and fostering
long-term resilience for women. In line with this year’s International Women’s
Day theme, ‘Accelerate Action,’ we remain dedicated to creating an inclusive,
equitable, and sustainable future—where all women have the opportunity to
thrive.”
Dr. Amjad Saqib, Founder of Akhuwat
Foundation, expressed, “Our collaboration is a step toward creating a more
sustainable and equitable society. Offering interest-free solar financing not
only contributes to environmental conservation but also empowers women and
educators, providing them with financial independence and a cleaner, greener
future. We are deeply grateful to Faysal Bank for supporting this noble cause.”
Asad Ayub, CEO of TCF, added, “This
partnership brings together our shared vision of empowering women and ensuring
a sustainable future for the next generation. By providing access to solar
energy, we are equipping women with the tools to build a brighter,
self-sufficient tomorrow. We are thankful to Faysal Bank and Akhuwat Foundation
for making this initiative possible.”
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The
partnership between Faysal Bank, Akhuwat Foundation, and TCF highlights a
collective commitment to economic empowerment, environmental sustainability,
and social progress.
Source: Nation