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 |
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| Initial Deposit | For a deposit account – PKR 1,000/- For a payroll account – NIL |
| Product Features |
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| Benefits |
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| 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 |
Note:
- 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
