Alfalah Islamic Business Way and Payroll (Remunerative Current Account)Alfalah Islamic Business Way and Payroll (Remunerative Current Account)

Alfalah Islamic Business Way and Payroll (Remunerative Current Account)

Looking for a business account that lets you decide how it operates. Open the Alfalah Islamic Business Way account. You can opt for either a deposit account or a payroll account. As a payroll account, there is no need of initial deposit and balance requirement and your employees will benefit from the free services.

Eligibility Criteria
  • For deposit account all Pakistani nationals with CNIC/NICOP/SNIC.
  • Payroll Account can be opened by companies for their employees
Initial Deposit For a deposit account – PKR 1,000/-
For a payroll account – NIL
Product Features
  • No minimum or maximum balance requirement
  • Option to choose for a deposit account or a payroll account
  • Free issuance of Cheque Books
  • Free issuance of banker’s cheque
  • Free issuance of duplicate banker’s cheque*
  • Free cancellation of PO/DD/Banker’s cheque*
  • Free ATM/Debit Card (Only Classic, Gold or PayPak with no issuance or annual charges)
  • Free ATM Cash withdrawal from any Bank’s ATM (payroll accounts only)
  • Free Account statements (Semiannually)
  • Free E-statements
  • Free online transactions nationwide
  • Free SMS alerts
Additional Benefits On maintaining, an average monthly balance of PKR 10,000/- in your checking account, get free accidental death and permanent disability takaful coverage of up to PKR 2 Million.

On maintaining a minimum monthly average balance of PKR 1m or equivalent FCY deposit in current/savings/term deposit accounts, avail numerous free services as per our preferred banking services.

Underlying Principle This product is based on the concept of Mudarabah


  • Profit calculation & distribution will as per prevailing pool management guidelines
  • All the free services are subject to the terms and conditions as per prevailing Schedule of Charges.
  • Withholding Tax and Zakat is applicable as per existing policy of Government
Apply Now Or you can apply for Alfalah Islamic Business Way and Payroll (Remunerative Current Account) at the branch.