Dr. Muhammad Amjad Saqib

“Poverty is not just about lack of resources; it’s about deprivation – of social network, justice and morality. But poverty, in its worst form, is of hopelessness”

Dr. Muhammad Amjad Saqib is the founder and Executive Director of Akhuwat, the world’s largest Islamic microfinance organization. The organization has now successfully disbursed (As of September 2021) Rs. 147.25 billion in interest-free loans, helping over 4.9 million families across Pakistan. Amongst other projects, Akhuwat has also launched Pakistan’s first fee free university—Akhuwat College University— which is open to talented students from across Pakistan, as admissions are based solely on merit.

young man greeting with Dr Muhammad Amjad Saqib

Dr. Saqib is a development practitioner, social entrepreneur, author, and former civil servant. His alma matter includes the King Edward Medical University, in Lahore, and The American University in Washington D.C. On account of his remarkable achievements in the cause of restoring human dignity to Pakistan’s most vulnerable communities, including women, persons with disabilities, and the transgender population. Through enhancing financial inclusion, education, access to healthcare, and the provision of food and clothes to these underprivileged communities, Dr. Saqib has received world-wide recognition.

Most recently, in 2018, Dr. Saqib has been the recipient of the Islamic Economy Award, awarded by the Crown Prince of Dubai and Thomson Reuters, the Commonwealth’s 31st Point of Light Award bestowed by Queen Elizabeth II, and the Social Entrepreneur of the Year award presented by the World Economic Forum (WEB) and Schwab Foundation. He has previously been the recipient of Sitar-e-Imtiaz, a coveted awarded granted by the President of Pakistan only to those individuals who have served the state to the highest degree.

Dr. Saqib has devoted his life to serving the underprivileged people of Pakistan, deriving his sense of purpose and fulfilment from his efforts to alleviate poverty. Dr. Saqib began his career in medicine, subsequently forsaking it in favor of joining Pakistan’s Civil Service. After having served at various high-level bureaucratic positions, he resigned from the Civil Services in order to dedicate his life towards creating sustainable social impact. Since then, he has supported several public and private institutions, and continues to play an instrumental role in setting-up various service delivery institutions in Pakistan. He continues to hold advisory roles for organizations and start-ups that work to promote social welfare. His most distinguished contribution is still as of yet, the establishment of Akhuwat, and his innovative approach towards poverty alleviation.

He has authored eight books, and is an acclaimed speaker who has had the honor of speaking on the topics of poverty alleviation and social entrepreneurship at world-renowned institutions such as the United Nations, Harvard University, the University of Oxford, and the University of Cambridge.

He is married to Farrukh Amjad, who he believes to be the strongest supporter of his mission. Together, they have two children whom he adores, Junaid Farid and Farazeen Amjad Shahid.

HONOURS & AWARDS

1993
Khushal Khan Khattak Literary
Khushal Khan Khattak Literary Award by the Government of the Punjab.

2010
Sitara-a-Imtiaz
Dr Saqib awarded with Sitara-a-Imtiaz, one of the highest Civilian Award, on account of contributions made for social development and poverty alleviation.

2010
Nazriya-i-Pakistan Gold Medal
Prime Minister of Pakistan Mr. Yousaf Raza Gilani awarded Nazriya-i-Pakistan Gold Medal in March 2010 for achieving the highest level of excellence in poverty alleviation.

2014
Life Time Achievement
Life Time Achievement Award By Abu Dabi Islamic Bank and Thomson Reuters.

2013
I AM THE CHANGE
Engro IATC “I am the Change” Award for creating social impact.

2014
Honorary Citizenship
Awarded by Honorary Citizenship of Louisville by Mayor, Greg E. Fischer in March 2014

2015
Human Rights
Human Rights Society of Pakistan (HRSP) awarded the 35th Human Rights Award.

2018
Pace Awards
Awarded with PACE Awards 2017 by Pakistani American Community for high integrity and innovative ideas under the banner of Akhuwat on April 23rd 2017 in New York.

2018
Life Time Achievement
The Islamic Economics Application Award for year 2018 was awarded to Dr. Muhammad Amjad Saqib by IGIAD’s President Ayhan Karahan during the 6th Islamic Economics Workshop in Turkey.

2018
Islamic Finance Excellence
Awarded with Islamic Finance Excellence Award by Comsats University in 2018.

2018
Commonwealth’s 31 st Point of Light
Her Majesty the Queen Elizabeth awarded Dr. Amjad Saqib the Commonwealth’s 31 st Point of Light award on 15 th March 2018 in recognition of his exceptional services in poverty alleviation in Pakistan.

2018
Naimat Ullah Khan Life Time Achievement
Awarded with Naimat Ullah Khan Life Time Achievement Award in 2018 for Valuable Humanitarian Services.

2018
Best Performance Award (Social Entrepreneur)
CM Shehbaz Sharif Awarded Dr. Muhammad Amjad Saqib of best performing officer of Punjab on May 27, 2018

2018
Islamic Economy Award
Islamic Economy Award presented at the Global Islamic Summit by Hamdan bin Mohammed Al Maktoum, Crown Prince of Dubai and Thomson Reuters recognising Akhuwat’s contribution to Islamic Economics

2020
Shaan-e-Pakistan (Pride of Pakistan)
Shaan-e-Pakistan (Pride of Pakistan) awarded by President of Pakistan, Dr. Arif Alvi acknowledging Dr. Saqib’s efforts and welfare work during COVID-19

2021
The Ramon Magsaysay Award
The Ramon Magsaysay Award 2021 for Saqib’s first-of-its-kind interest and collateral-free Microfinance loan programme that has helped millions of poor families.

2018
Social Entrepreneur of the year
Social Entrepreneur of the year, awarded by World Economic Forum (WEF) and Schwab Foundation in recognition of his contributions as a social entrepreneur (2018)

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