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Alfalah Islamic Foreign Currency Savings AccountAlfalah Islamic Foreign Currency Savings Account

Alfalah Islamic Foreign Currency Savings Account

Alfalah Islamic Foreign Currency Savings Account enables you to earn Riba free returns on your foreign currency deposits.

Eligibility Criteria All Pakistani Nationals with CNIC/NICOP/SNIC.
Initial Deposit USD 100/-

GBP 100/-

Euro 100/-

Product Features
  • Profit-bearing single tier account
  • Available currencies: USD, GBP and Euro
  • No minimum and maximum balance limit
  • Profit is calculated on average monthly balance
  • Bi-annual profit disbursement
  • Unlimited cash deposits and withdrawal
Benefits
  • Free e-statements
  • Free first cheque book
  • SMS alert on every transaction
  • Complimentary account statement semi-annually
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
Apply Now Or you can apply for Alfalah Islamic Foreign Currency Savings Account at the branch.