Meezan Bank has approved PKR 49 billion, about US$177 million, across 6,880 housing finance cases under the government’s Wazir-e-Azam Apna Ghar Program, the Associated Press of Pakistan reported on 9 October 2026. By 30 September, 1,000 families had received financing totalling Rs7.34 billion.
Key figures
| Approved | PKR 49 billion across 6,880 cases |
| Disbursed | Rs7.34 billion to 1,000 families (as of 30 September 2026) |
| Applications received | More than 27,800, worth about Rs179 billion |
| Structure | Diminishing musharakah |
How does Meezan’s scheme work?
Meezan’s programme page describes the facility as part of the Government of Pakistan’s profit subsidy and risk-sharing scheme, offered through diminishing musharakah for buying or building a completed home. Under diminishing musharakah, the bank and the buyer co-own the house; the buyer pays rent on the bank’s share and gradually buys it out. See our Islamic mortgage guide for details.
The scheme is run through the official Apna Ghar platform. Its terms state that participating banks decide on approval, disbursement, rates, tenure and repayment under their own policies and the programme guidelines. The State Bank of Pakistan has adjusted housing finance prudential rules to support the programme and later widened it to include private developer projects.
Why it matters
The numbers show both demand and the size of the delivery gap. Applications worth about Rs179 billion compare with Rs49 billion approved and Rs7.34 billion disbursed. For Meezan Bank, Pakistan’s largest Islamic bank, the scheme is a large test of whether Islamic home finance can work at scale for lower-income households, who often struggle with documented income and property titles.
What applicants should check
- Confirm the property is eligible before paying any deposit.
- Prepare income records and a clear property title.
- Ask the bank for scheme requirements in writing.
- Calculate monthly affordability, including rent on the bank’s share.
What’s next
The key number to watch is disbursement. The gap between approvals and money actually received will show how fast the programme turns applications into homes.
FAQ
PKR 49 billion across 6,880 cases, as reported on 9 October 2026.
Yes. It uses diminishing musharakah, a co-ownership structure, rather than an interest-based loan.
Source: Associated Press of Pakistan, 9 October 2026.
