About Islamic Banking

About Islamic Banking

Personal Accounts:

Bank Alfalah – Islamic Banking Division (BAL-IBD) offers Current, Savings and Term Deposit facilities to its customers seeking personal banking relationships with the following features:

Facility Minimum balance Profit‡ Zakat deductions
Current deposit PKR 10,000/= Nil Not applicable
Musharakah Savings deposit PKR 5,000/= Tiered structure, 6 monthly pay-out Applicable
Musharakah Term deposit PKR 50,000/= Tiered structure, 6 monthly pay-out Applicable

‡ All profits subject to 10% withholding tax

On-line cash deposit facility at all branches of Bank Alfalah

On-line transfer facility between all branches of BAL-IBD


Foreign and local remittances are both available. Foreign remittances are available in the following currencies: US dollars, Pound Sterling and Euro.

Locker services:

Locker services are offered at select branches. Lockers are available in three sizes – small, medium and large. Annual charges for the lockers are as follows:

Small           Rs 1,000/-

Medium       Rs 2,000/-

Large           Rs 3,000/-

Lockers are available to account holders and carry an insurance value of Rs.250,000/-


24/7 Customer Support

For details about our Islamic Products & Services call our Phone Banking Service at 111-225-111