DR. MUHAMMAD AMJAD SAQIB
Dr. AmjadSaqib, is the founder of Akhuwat, world’s largest interest free microfinance program. A graduate of American University, Washington D.C., Dr. Saqibwas selected for the topmost bureaucratic institution, the Civil Service of Pakistan in 1985. Having stood out as a public servant,he resigned from service in 2003 with the intent to dedicate himself to becoming a social entrepreneur and make a difference through Akhuwat– which was launched in 2001.
Within a short span of time, Akhuwatunder his leadership successfully opened 662 branches in 350 towns of Pakistan with over 600,000 active clients and 1,695,000 total beneficiary families. Akhuwat has disbursed more than $347million interest free loans while retaining a phenomenal recovery rate of 99.98%.He is a prolific writer and authored six books and is an acclaimed speakerandhas spoken at Harvard, Oxford, Cambridge and many other international fora.
Besides Akhuwat he provides volunteer services to many philanthropic ventures. He is vice chairman Punjab Educational Endowment Fund, the largest education fund in Pakistan. Government has appointed him Chairman for Prime Minister Interest Free Loan Scheme.On account of his tremendous contribution,President of Pakistan bestowed on him the coveted Civil Award, “Sitara-a-Imtiaz”. Thomson Reuters and Abu Dhabi Islamic Bankawarded him Lifetime Achievement Awardin 2014.