Dr. Amjad Saqib, a Pakistani philanthropist and founder of Akhuwat, the country’s largest interest-free microfinance program, has been nominated for the Nobel Peace Prize for his humanitarian work in poverty alleviation, according to The News.
343 nominees from throughout the world — 251 individuals and 92 organizations — have been nominated for the Nobel Peace Prize in 2022.
Commenting on the development, Akhuwat Foundation Chairman Dr. Amjad stated: “My services are beyond such awards and they are purely for the sake of Allah.”
He went on to say that no one may nominate himself for the Nobel Prize and that the entire process is free of lobbying.
While answering a question, he said: “An official of a foreign country might have recommended my name for the award as people across the world are familiar with my services for humanity… but I am not aware of any such development.”
Dr. Amjad was one of five people honored with the Ramon Magsaysay Award, named after a Filipino president who died in a plane crash, for his “first-of-its-kind” interest- and collateral-free microfinance program, which has benefited millions of disadvantaged people.
Akhuwat has developed into the country’s largest microfinance institution, distributing the equivalent of $900 million and claiming a loan repayment rate of nearly 100 percent, some two decades after its founding.
Dr. Amjad, who uses places of worship to hand out money, was cited for “his inspiring belief that human goodness and solidarity will find ways to eradicate poverty.” Dr. Amjad began his career in 1985, after graduating from King Edward Medical University, by joining Pakistan’s prestigious civil service.
For seven years, he worked in numerous high-level government roles, notably as the director of the Punjab Rural Support Program (PRSP), a rural development and microfinance initiative run by the Punjab government. The initiative aims to promote social mobilization, community organization, and financial inclusion for the disadvantaged.