Alfalah Islamic Premium Term Deposits

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Looking for a high rate on your term deposit? Alfalah Islamic Premium Term Deposit offers you just that.

Eligibility Criteria	All Bank Alfalah Islamic Current and Saving Accountholders.
Minimum Deposit	PKR 5,000,000/-
Tenures Available	Available in Monthly Profit : 1 year Bullet Maturity Profit : 1 month, 3 months, 6 months & 1 year
Product Features	Multiple tiered term deposit Monthly profit payment Daily profit calculation No Maximum Deposit limit
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
In case of premature encashment, profit shall be calculated and paid on the basis of actual declared monthly profit rates of TDR for the corresponding completed period as per related tier for the relevant period of stay of deposit with the Bank.
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 Premium Term Deposits at the branch.