The coveted Ramon Magsaysay Award, dubbed the “Asian Nobel Prize,” is given to Asia’s most remarkable citizens for their selfless and extraordinary contributions to their societies. It is Asia’s highest honour and reward, and the Magsaysay Foundation in the Philippines, which was founded in 1958, has given three to four prizes each year to selfless leaders from 40 Asian countries.
Mother Teresa, the Dalai Lama, Nobel Laureate Dr. Muhamamd Yunus, Abdul Sattar Edhi, and Mr. Shoaib Sultan Khan are just a few of the prior honorees. Dr. Amjad Saqib, a famous Pakistani, received the prize this year (2021) for his remarkable efforts in restoring human dignity, poverty alleviation, and assisting more than 3 million families escape poverty through a zero-interest financing strategy.
Dr. Saqib dedicated this prize to the underprivileged Akhuwat recipients and the Pakistani country as he accepted this one-of-a-kind and prestigious honour. He described the prize as an endorsement of Akhuwat’s interest-free lending model as well as a homage to his country’s compassion and integrity. He also praised the members of the Akhuwat Board of Directors for their selfless dedication to this worthy cause.
Imran Khan, the Prime Minister of Pakistan, congratulated Saqib on receiving “Asia’s greatest honour.”
Have been told this year’s Ramon Magsaysay Award, Asia’s highest honour, has been given to a Pakistani, Dr. Amjad Saqib, Founder Akhuwat. Congratulations to him. We are proud of his achievement as we move forward in creating a welfare state based on Riasat e Madina Model.
— Imran Khan (@ImranKhanPTI) August 31, 2021
Dr. Saqib, a former civil servant and development expert, launched Akhuwat in 2001. The organisation is now the world’s largest interest-free microfinance institution, and it collaborates with both the government and civil society. He has also received Queen Elizabeth’s Point of Light Award, the Schwab Foundation’s Best Entrepreneur of 2018, the World Economic Forum’s World Economic Forum’s Life Time Achievement Award, and the President of Pakistan’s Sitara-i-Imtiaz.
The board of trustees chose Muhammad Amjad Saqib to receive the 2021 Ramon Magsaysay Award for his intelligence and compassion in founding Pakistan’s largest microfinance institution; his inspiring belief that human goodness and solidarity will find ways to eradicate poverty; and his determination to stay with a mission that has already aided millions of Pakistanis.
The concept and philosophy of Akhuwat are the most intriguing aspects of the organisation. Saqib established Akhuwat (brotherhood or sisterhood), a strategy to poverty reduction based on the values of the Islamic Mawakhat tradition, which contains at its foundation the Prophet Mohammed’s (PBUH) instruction that if one has a loaf of bread, half of it goes to a person who has none. Friends of Akhuwat and all Pakistanis congratulate Dr. Saqib on receiving Asia’s highest honour and pledge their unwavering support for his efforts to build a better society and a better world.