Overview
Bank Alfalah Islamic Premium Term Deposits are designed for individuals and businesses seeking higher returns on large-value investments with the flexibility of choosing profit payout options. This Shariah-compliant plan ensures both convenience and premium benefits for depositors.
What you get
- Choice of monthly or bullet maturity profit payouts.
- Multiple tenures: from 1 month to 1 year.
- Daily profit calculation for maximized returns.
- Free takaful coverage up to PKR 2 million.
- Premium banking benefits on higher balances.
- Shariah-compliant investment under Mudarabah.
Features & Benefits
Deposit Requirements
- Minimum deposit: PKR 5,000,000.
- No maximum deposit limit.
Tenure Options
- Monthly Profit: 1 year.
- Bullet Maturity Profit: 1 month, 3 months, 6 months, or 1 year.
Profit Payout
Monthly or bullet maturity profit payment.
Profit Calculation
Profit calculated daily for optimized earnings.
Takaful Coverage
- Free accidental death and permanent disability takaful up to PKR 2 million.
- Applies on maintaining PKR 10,000 monthly average balance in checking account.
Preferred Banking Privileges
- Free premium services.
- Maintain PKR 1 million or equivalent FCY deposit across accounts.
Shariah Compliance
Based on the principle of Mudarabah.
Premature Encashment
Profit paid according to declared rates for the completed period.
Eligibility
- Available to all Bank Alfalah Islamic Current and Saving Account holders.
- Open to individuals and business entities.
Required Documents
- Valid CNIC/NICOP/SNIC.
- Proof of income/funds (if required).
- Recent passport-size photograph.
- Existing Bank Alfalah Islamic account details.
Apply Now
Get started with your term deposit application in just a few simple steps. Click below to begin
Compare Account
| Features | Kashtkaar Current Account |
|
|---|