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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

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