Ihsan Trust / Meezan Bank Qarz-E-Hasna Interest Free Loan Scheme 2020

Degree LevelAll
Type Need Based Scholarships
Final Deadline 20 May, 2021
Intake Year2020


Ihsan Trust (IT) offers Qarz-e-Hasna to the students enrolled in higher education institutions. This interest-free education loan is provided to the students of partner universities who cannot afford the cost of higher education. The list of universities is given below.

Ihsan Trust majorly works in the field of higher education by providing interest-free loans to students on a purely “Need cum merit” basis. This Interest-free loan facility is a unique model to enable higher education in Pakistan which not only helps a student complete his/her education from a university of his/her choice, but also create a roll over fund that continuously helps more and more students every year across Pakistan.

This facility is being provided to all top-notch universities across Pakistan. So far, this facility has been provided to more than 130 universities and professional bodies across Pakistan and this number is rapidly increasing every year

Ihsan trust Qarz-e-Hasna Scheme Selection procedure

  • Students need to apply in the respective university
  • After reviewing the lists of applicants from our education partners, Ihsan Trust conducts interviews to determine the need of each student.
  • If the need is genuine and merit is up to the mark, Ihsan Trust approves the case and disburses the amount to the university account.
  • Ihsan Trust disburses the approved loan directly to the university account.
  • The students start repaying a mutually agreed token amount from the very next month while studying.

Repayment method of Ihsan Trust Interest-Free Education loan

  • During the study period, the student has to repay a mutually agreed nominal amount.
  • The repayment amount will depend upon the student’s financial position and his/her parents’ monthly income.
  • Monthly token repayment from the student starts from the very next month after the managing trustee approves students for the Interest-free loan facility.
  • After the completion of his/her education, the repayment amount will be adjusted according to the income of the student.

Ihsan Trust Qarz-e-Hasna Scheme Partner Universities

  1. IBA, Karachi
  2. KSBL, Karachi
  3. Dow University of Health Sciences Karachi
  4. Sir Syed University of Engineering & Technology Karachi
  5. Aga Khan University Karachi
  6. COMMECS Institute of Business & Emerging Sciences Karachi
  7. PAF KIET Karachi
  8. IobM Karachi
  9. National University of Computer & Emerging Sciences (FAST NU)
  10. SZABIST Karachi
  11. Mohammad Ali Jinnah University
  12. University of Karachi (UoK)
  13. AMAN Institute for Vocational Training (AMANTECH), Karachi
  14. Jinnah University for Women, Karachi
  15. DHA Suffa University, Karachi
  16. Sheikh Zayed Islamic Centre
  17. UMDC-United Medical & Dental College
  18. Islamic Mission Hospital Trust School of Nursing
  19. Baqai Institute of Diabetology and Endocrinology
  20. ACCA Pakistan (Through KCCI-Karachi Chamber of Commerce & Industry)
  21. NED University Karachi
  22. Hamdard University
  23. IM-Sciences Peshawar
  24. City University Peshawar
  25. Riphah University Islamabad
  26. The Institute of Legal Studies (TILS) Islamabad, Lahore, Multan
  27. Ghulam Ishaq Khan Institute (GIKI) Topi, Swabi KPK
  28. IBA Sukkur
  29. COMSATS Lahore, Abbottabad, Islamabad
  30. Shifa Tameer-e-Millat University Islamabad
  31. International Islamic University Islamabad
  32. Technical Training Center (TTC) PCESSDC Daharki Sind
  33. CIMA Pakistan
  34. LUMS Lahore
  35. NUST Islamabad
  36. University of Haripur
  37. National Textile University Faisalabad
  38. University of Agriculture Faisalabad
  39. Fatima Jinnah Women University Rawalpindi
  40. University of Gujrat
  41. UET Taxila
  42. CECOS University, Peshawar
  43. University of Agriculture, Faisalabad
  44. Mehran University of Engineering and Technology, Jamshoro
  45. Khyber Medical University, KPK
  46. HITEC University, Taxila
  47. Islamia College University, Peshawar
  48. IM Studies, University of Peshawar
  49. University of Azad Jammu and Kashmir
  50. Azad Jammu and Kashmir Medical College Muzaffarabad
  51. Azad Jammu and Kashmir Medical College Poonch
  52. Azad Jammu and Kashmir Medical College Mirpur
  53. Rawalpindi Medical College
  54. University of Engineering and Technology (UET), Lahore
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