Faysal Bank has introduced a new housing finance initiative titled “Mera Ghar Mera Ashiana”, aimed at making home ownership more accessible for low- and middle-income families across Pakistan. The initiative is part of the State Bank of Pakistan’s broader effort to expand affordable and subsidized housing finance to underserved communities.
The scheme is fully Shariah-compliant and specifically designed to support first-time home buyers. It offers affordable financing options for the purchase of already-built homes, acquisition of plots for new construction, or building on existing land. The program operates under the Diminishing Musharakah model, ensuring compliance with Islamic banking principles. With simplified eligibility criteria and subsidized profit rates, the initiative enables more families to realistically achieve their dream of owning a home.
Through this program, Faysal Bank aims to promote financial inclusion and create opportunities for social uplift. The bank’s Chief Executive Officer, Yousaf Hussain, emphasized that empowering families to own homes not only strengthens individual financial security but also stimulates economic growth in the housing and construction sectors.
The “Mera Ghar Mera Ashiana” initiative is available through Faysal Bank’s nationwide branch network, making it accessible to families across multiple regions. By launching this program, Faysal Bank reaffirms its commitment to supporting national development, driving economic progress, and helping families take meaningful steps toward long-term financial stability.