22/10/2025
Meezan Bank has entered into a landmark collaboration with Naya Nazimabad, a flagship housing and lifestyle project, to introduce Meezan Islamic Housing Finance for Under-Construction Projects - Pakistan’s first-of-its-kind Shariah-compliant home financing facility structured under the State Bank of Pakistan’s (SBP) guidelines.
This strategic partnership marks a major milestone in expanding access to affordable and Shariah-compliant housing finance for Pakistanis aspiring to own a home within a secure, master-planned community.
Through this collaboration, Meezan Bank will offer up to 70% financing of the apartment value, with repayment tenures of up to 25 years, tailored specifically for apartment purchases within Naya Nazimabad.
The MoU signing ceremony was held on October 17, 2025, in Karachi, attended by senior leadership of both organizations including Mr. Arif Habib (Chairman, Naya Nazimabad), Mr. Irfan Siddiqui (Founding President & CEO, Meezan Bank), and Dr. Syed Amir Ali (DCEO, Meezan Bank), along with key executives from the Arif Habib Group and Meezan Bank.
Developed by Javedan Corporation Limited, Naya Nazimabad is a master-planned, gated community designed for integrated living for the middle and upper-middle-income segments of Karachi, combining residential, commercial, recreational and social amenities to promote a healthy and sustainable lifestyle.
