Meezan Bank has doubled its own milestone in a little over a month. The bank has now crossed Rs2 billion in disbursements under the Government of Pakistan’s flagship affordable housing initiative, the Wazir-e-Azam Apna Ghar Programme – Ghar Ho Tu Apna (GHTA) alongside its highest-ever monthly housing finance disbursement of Rs1.3 billion in a single month, reinforcing its position as the leading Shariah-compliant housing finance provider under the scheme.
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Key Takeaways
- Milestone: Rs2 billion in cumulative disbursements under Ghar Ho Tu Apna (GHTA)
- Monthly record: Highest-ever monthly housing finance disbursement of Rs1.3 billion in a single month
- Program: Wazir-e-Azam Apna Ghar Programme – Ghar Ho Tu Apna (GHTA), Government of Pakistan’s flagship affordable housing scheme
- Financing structure: Shariah-compliant, based on Diminishing Musharakah (joint ownership between bank and customer)
- Loan size: Up to Rs10 million per home, on a fixed-term basis for up to 20 years
- Profit rate: Fixed at 5% for the first 10 years, transitioning to a market-based formula (1-year KIBOR + 3%) afterward
- Branch network: Financing offered through 350+ designated Meezan Bank branches nationwide
- Program scale (national): Government targeting Rs3.2 trillion in total financing and up to 500,000 homes over four years, with an initial Rs321 billion allocated for 50,000 homes in year one
What Meezan Bank Achieved
Meezan Bank has disbursed a cumulative Rs2 billion under the government’s GHTA affordable housing scheme, a milestone the bank says reflects the strong and growing demand for its Shariah-compliant home financing solutions. Alongside the cumulative figure, the bank also recorded its highest-ever monthly disbursement under the program: Rs1.3 billion in a single month a sign that demand isn’t just accumulating steadily, but accelerating.
Ahmed Ali Siddiqui, Group Head of Consumer Finance and Digital Banking at Meezan Bank, said the achievements underscore the bank’s continued commitment to supporting both the government’s affordable housing agenda and the broader goal of expanding Shariah-compliant financial access across Pakistan.
A L S O R E A D:
Meezan Bank Becomes First Islamic Bank in Pakistan to Hit Rs1 Trillion Market Value
From Rs1 Billion to Rs2 Billion: A Fast-Moving Milestone
This is the second such milestone Meezan Bank has announced under GHTA in quick succession. The bank first surpassed Rs1 billion in disbursements under the program in early June 2026, at which point it was operating through more than 350 designated branches with a particular focus on salaried individuals and low-to-middle-income households. Doubling that figure to Rs2 billion within about a month and setting a new monthly disbursement record along the way — shows the pace of uptake has itself been increasing, not just the cumulative total.
What Is Ghar Ho Tu Apna (GHTA)?
GHTA is the operating name for the Wazir-e-Azam Apna Ghar Programme, Prime Minister Shehbaz Sharif’s flagship affordable housing initiative, unveiled as a multi-trillion-rupee scheme aimed at building up to 500,000 homes over four years. The government’s initial allocation was Rs321 billion for 50,000 homes in the program’s first year, with total financing over the full four-year period projected at Rs3.2 trillion.
Under the scheme, banks provide concessional, subsidized housing loans of up to Rs10 million on a fixed-term basis for up to 20 years, targeting housing units of up to 10 Marla across all provinces, as well as Gilgit-Baltistan and Azad Kashmir. The program operates under the government’s broader Markup Subsidy and Risk Sharing Scheme, known as “Mera Ghar – Mera Ashiana,” which is designed to make monthly payments genuinely affordable for lower- and middle-income households.
How Meezan Bank’s Shariah-Compliant Home Financing Works
Meezan Bank delivers its share of the GHTA program through its Easy Home Housing Finance product, structured around the Islamic finance concept of Diminishing Musharakah: the bank and the customer become joint owners of the property, with the bank leasing its share to the customer against periodic rental payments. Over the financing tenure, the customer progressively purchases the bank’s share until they become the sole owner an approach designed to avoid conventional interest (riba) entirely.
For the first 10 years of financing, the profit rate is fixed at 5%, offering payment stability during the highest-impact early years of homeownership. After that period, the rate transitions to a market-based formula of 1-year KIBOR + 3% by which point a substantial share of the principal has typically already been paid down, softening the impact of market rate fluctuations.
Why This Milestone Matters
- It signals accelerating, not just cumulative, demand. A new monthly disbursement record set alongside the Rs2 billion cumulative milestone shows loan uptake is actively speeding up, rather than simply adding up steadily over time.
- It reinforces Meezan Bank’s leadership in a government-priority sector. As Pakistan’s largest Islamic bank, Meezan’s continued scale-up under GHTA positions it as a central private-sector partner in delivering one of the government’s largest social and economic policy initiatives.
- It connects to Meezan Bank’s broader 2026 momentum. This milestone comes in the same stretch as Meezan Bank briefly crossing Rs1 trillion in market capitalization together, the two stories reflect a bank simultaneously scaling its balance sheet and its role in national policy delivery.
- It supports the State Bank of Pakistan’s financial inclusion goals. The disbursement growth contributes directly to SBP’s broader objective of expanding formal, affordable housing finance access particularly for salaried individuals and low-to-middle-income households historically underserved by conventional mortgage products.
Benefits for Homebuyers and Pakistan’s Housing Sector
- Riba-free path to homeownership for buyers who want Shariah-compliant financing rather than conventional interest-based mortgages
- Payment predictability through the fixed 5% profit rate during the first 10 years of financing
- Wide accessibility through Meezan Bank’s 350+ designated branch network nationwide
- Support for underserved segments, with the program specifically structured around salaried individuals and low-to-middle-income households
- Contribution to national housing development goals, aligning private-sector Islamic banking capacity with the government’s broader affordable housing agenda
Frequently Asked Questions
How much has Meezan Bank disbursed under the GHTA housing programme?
Rs2 billion cumulatively, alongside a record monthly disbursement of Rs1.3 billion its highest ever in a single month under the programme.
What is Ghar Ho Tu Apna (GHTA)?
It’s the operating name of the Wazir-e-Azam Apna Ghar Programme, the Government of Pakistan’s flagship affordable housing initiative, targeting up to 500,000 homes over four years with total financing projected at Rs3.2 trillion.
How does Meezan Bank’s housing finance work under Islamic principles?
Through Diminishing Musharakah, where the bank and customer jointly own the property, with the customer paying rent on the bank’s share while progressively buying it out until achieving full ownership.
What is the profit rate on this financing?
Fixed at 5% for the first 10 years, then transitioning to a market-based formula of 1-year KIBOR + 3%.
How large a loan can a customer get under this scheme?
Up to Rs10 million, on a fixed-term basis for up to 20 years.
How many branches offer this financing?
Meezan Bank offers GHTA financing through more than 350 designated branches across Pakistan.
When did Meezan Bank first cross Rs1 billion under this program?
In early June 2026, roughly a month before crossing the Rs2 billion mark.
