Eligibility:
To qualify for Islamic Premier Banking, customers need to maintain minimum 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) |
| TDR* (Term Deposit Receipt) | PKR 5 Million (or Equivalent FCY) |
Free Services:
Islamic Premier customers will be able to avail following fee waivers based on their deposit thresholds:
| PKR 3 Mn – less than PKR 5 Mn | PKR 5 Mn – less than PKR 7 Mn | PKR 7 Mn and above |
| Issuance of Banker’s Cheque | Issuance of Banker’s Cheque | Issuance of Banker’s Cheque |
| Cancellation of Banker’s Cheque | Cancellation of Banker’s Cheque | Cancellation of Banker’s Cheque |
| Certificate Issuance (Account maintenance + Balance Confirmation + WHT + Profit Payment, Proceed Realization, Zakat Certificate etc.) | Certificate Issuance (Account maintenance + Balance Confirmation + WHT + Profit Payment, Proceed Realization, Zakat Certificate etc.) | Certificate Issuance (Account maintenance + Balance Confirmation + WHT + Profit Payment, Proceed Realization, Zakat Certificate etc.) |
| Statement of Account | Statement of Account | Statement of Account |
| Duplicate Statement Request | Duplicate Statement Request | Duplicate Statement Request |
| Intercity Clearing | Intercity Clearing | Intercity Clearing |
| Intercity Online Transaction | Intercity Online Transaction | Intercity Online Transaction |
| Stop Payments of Cheques | Stop Payments of Cheques | Stop Payments of Cheques |
| Balance Confirmation Certificate | Balance Confirmation Certificate | Balance Confirmation Certificate |
| Account Closure Charges | Account Closure Charges | Account Closure Charges |
| Online Banking (Internet Banking and Alfa Mobile App) | Online Banking (Internet Banking and Alfa Mobile App) | Online Banking (Internet Banking and Alfa Mobile App) |
| SMS Alerts | SMS Alerts | SMS Alerts |
| Islamic Premier Debit Card Fees (Issuance + Annual + Replacement) | Islamic Premier Debit Card Fees (Issuance + Annual + Replacement) | Islamic Premier Debit Card Fees (Issuance + Annual + Replacement) |
| Issuance of Cheque Books | Issuance of Cheque Books | Issuance of Cheque Books |
| Interbank Online Transactions | Interbank Online Transactions | Interbank Online Transactions |
| E-statements | E-statements | E-statements |
| Locker Annual Fee** | Locker Annual Fee** | Locker Annual Fee** |
| Interbank Fund Transfer/ Internal Fund Transfer | Interbank Fund Transfer/ Internal Fund Transfer | Interbank Fund Transfer/ Internal Fund Transfer |
| Collection of Cheques (LCY/FCY) | Collection of Cheques (LCY/FCY) | |
| Cheque Return Charges | Cheque Return Charges | |
| Standing Instructions | Standing Instructions | |
| Outward TT | Outward TT | |
| FCY Demand Draft | FCY Demand Draft | |
| Duplicate Banker’s Cheque | Duplicate Banker’s Cheque | |
| Inward Remittance | ||
| Same Day Clearing | ||
*For customers eligible through TDR Criteria, waivers for 7 mn (as mentioned above) will apply
**Upon availability of Locker.
Islamic Premier Visa Signature Debit Card
Complimentary access to 1,000+ airport lounges via Lounge Key facility. Guests accompanying the card holder 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 (Charges will be levied post consumption of free visits)
Alfalah Islamic Auto Finance
100% waiver on Regular Processing Fee
0.5% rate break in profit rate
Alfalah Islamic Home Finance
100% waiver on Regular Processing Fee
1% rate break in profit rate
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 will be applicable as per Bank Alfalah Islamic’s current SOC.
- For Islamic Premier Debit Card, all charges of Signature Debit Card as per Islamic SOC will apply except for Annual, Issuance and Replacement fee, which is waived off for Islamic Premier Debit Card
- 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 benefits and privileges will be discontinued and the Islamic Premier Card(s) will be blocked..
- Currently, this facility will be available in limited cities only.
