Tuesday, October 4, 2022

Dr. Amjad Saqib, a Pakistani philanthropist nominated for Nobel Peace Prize

Dr. Amjad Saqib, a Pakistani philanthropist and founder of Akhuwat Microfinance, which is Pakistan’s largest interest-free microfinance program, has been nominated for the Nobel Peace Prize in recognition of his humanitarian work in poverty alleviation

There have been 343 nominations for the Nobel Peace Prize in 2022, with 251 individuals and 92 organizations from around the world. 

Dr. Amjad Saqib, Chairman of the Akhuwat Foundation, expressed his gratitude for the honor by saying, “My services are above and above such recognition, and they are done only for the purpose of Allah.”

Dr. Amjad Saqib went on to say that no one may nominate himself or herself for the Nobel Peace Prize and that there is no lobbying involved in the entire nomination process.

During a question and answer session, he stated that “a foreign government official may have recommended my name for the award because people all over the world are aware of my services for humanity… but I am not aware of any such development.”

In recognition of his “first-of-its-kind” interest- and collateral-free microfinance program, which has assisted millions of underprivileged families, Dr. Amjad was chosen as one of five recipients of the Ramon Magsaysay Award — named after a Filipino president who died in a plane crash.

Acquiring a market share of nearly 100 percent in less than two decades, Akhuwat has grown to become the nation’s largest microfinance organization, disbursing the equivalent of $900 million and claiming a loan repayment record of nearly 100 percent.

Awarded for “his inspirational belief that human kindness and solidarity will find ways to eradicate poverty,” Dr. Amjad, who distributes money through religious institutions, was noted for his “inspiring belief that human goodness and solidarity will find ways to eradicate poverty.” Dr. Amjad began his professional life in 1985, after graduating from the prestigious King Edward Medical University. He then went on to work for the prestigious Pakistani civil service.

He had a number of high-ranking government roles, including serving as the director of the Punjab Rural Support Programme (PRSP), a rural development and microfinance project launched by the Punjab government, for seven years. The program’s objectives include social mobilization, community organization, and the provision of financial access to the underprivileged population.

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