Eligibility:
In order to qualify as an Islamic Premier Banking Customer, you need to maintain a minimum quarterly average balance/minimum three months’ average balance as per the below mentioned criteria:
| Type | Minimum Threshold (Quarterly Average Balance) |
|---|---|
| CASA (Current Account / Saving Account) | PKR 3 Million (or Equivalent FCY) |
| Combination 1: Current and Saving Account (CASA) & Banca Takaful | PKR 2 Million Current and Saving Account (CASA) & PKR 1 million Banca Takaful, or |
| Combination 2: Assets Under Management (AUM) | PKR 10 Million AUM* including at least PKR 2 million in Current and Saving Account (CASA) |
Free Services:
Islamic Premier customers will be able to avail following list of waivers
| S.No. | Free Waivers |
|---|---|
| 1 | Issuance of Banker’s Cheque |
| 2 | Cancellation of Banker’s Cheque |
| 3 | Certificate Issuance (Account Maintenance + Balance Confirmation + WHT + Profit Payment, Proceed Realization, Zakat Certificate etc.) |
| 4 | Statement of Account |
| 5 | Duplicate Statement Request |
| 6 | Intercity Clearing |
| 7 | Intercity Online Transactions |
| 8 | Stop Payment of Cheques |
| 9 | Account Closure Charges |
| 10 | Online Banking (Internet Banking and Alfa Mobile App) |
| 11 | SMS Alerts |
| 12 | Issuance of Cheque Book |
| 13 | Interbank Online Transactions |
| 14 | E-statements |
| 15 | Locker Annual Fee** |
| 16 | Interbank Funds Transfer/ Internal Funds Transfer |
| 17 | Cheque Return Charges |
| 18 | Same Day Clearing |
| 19 | Standing Instructions |
| 20 | Outward TT |
| 21 | FCY Demand Draft |
| 22 | Duplicate Banker’s Cheque |
| 23 | Collection of Cheques (LCY/FCY) |
| 24 | Inward Remittance |
*Eligible Assets Under Management (AUM) – Bancatakaful, Mutual Funds, Current and Savings Account & Term Deposits
**Upon availability of Locker & having a link PKR account is a mandatory requirement to avail locker facility.
Islamic Premier Visa Signature Debit Card
- Fee waiver on annual, issuance and replacement fee for all Islamic Premier customers. Other charges shall apply as per Signature Card section of Islamic SOC.
- Complimentary access to 1,000 + global airport lounges via Lounge Key facility. Guests accompanying the cardholder will be charged at USD 32. Other Terms and Conditions will be applicable as per respective lounge rules.
- Priority Pass: a) Annual Fee: USD 10 b) Airport Lounge Visit Fee: USD 32 per visit
- Shapes Fee: PKR 1,800/- + FED/Sales Tax per visit (Charges will be levied post consumption of free visits.
Islamic Premier VISA Innite Metal Debit Card
- Free of cost card including fee waiver on annual, issuance and replacement fee for those who meet the eligibility criteria
- Complimentary access to 1,000 + global airport lounges via LoungeKey facility. 1 complimentary guest is also allowed along with the cardholder. Other Terms and Conditions will be applicable as per respective lounge rules and LoungeKey rules.
- Priority Pass: a) Annual Fee: USD 10 b) Airport Lounge Visit Fee: USD 32 per visit
- Shapes Fee: PKR 1,800/- + FED/Sales Tax per visit (Charges will be levied post consumption of free visits)
Bank Alfalah Islamic Auto Finance
100% waiver on Regular Processing Fee
0.5% rate break in profit rate
Bank Alfalah Islamic Home Finance
100% waiver on Regular Processing Fee
1% rate break in profit rate
PayPak Debit Card (For NRP & Photo Account Customers)
Waiver of Issuance, Annual and Replacement fee
SME
50% Waiver on Regular Processing Fee
Note:
- These charges are subject to change on half yearly basis.
- Apart from this, all bank service charges and waivers will be applicable as per Bank Alfalah Islamic’s current SOC.
- All applicable preferred banking services waiver will also be provided to Islamic Premier customers.
- In addition to above, all applicable Government levies will also be recovered.
- Eligibility criteria, deposit slabs and list of charges/waivers are applicable in PKR or equivalent in foreign currency.
- Islamic Premier Customers not maintaining the required quarterly balance as per the eligibility criteria mentioned above will be downgraded.
- Upon downgrade, all Islamic Premier benefits and privileges will be discontinued.
- Islamic Premier Services/Facilities are available across our network.
