Alfalah Musharaka Saving Account not only gives you return on your investments, but also makes your day to day business banking needs extremely convenient with a host of free banking services.
* All the free services are subject to the terms and conditions as per prevailing Schedule of Charges
Note: Withholding Tax and Zakat is applicable as per existing policy of Government.
It is a profit bearing deposit account designed on the foundation of ‘Mudarabah’, where Bank is the ‘Mudarib’ (manager of the funds) and you, the customer is the ‘Rabb-ul-Maal’ (owner of funds). Bank at its discretion, use or employ your deposited funds in Shari’ah compliant modes such as Ijarah, Murabaha and Musharakah. Bank Alfalah Islamic Banking will share the profit on the basis of predetermined profit sharing ratio. The rate of return on your deposit will be determined through a Shari’ah approved mechanism called weightages, which are announced before the beginning of each calendar month and shall remain applicable for upcoming month. In the event of loss, all depositors will share such loss proportionate to their investment.