Overview
Bank Alfalah Islamic 3 Year Term Deposit (Monthly Income Certificate) offers a secure way to grow your savings while providing regular monthly profit payouts for steady cash flow. This Shariah-compliant plan ensures peace of mind and reliable income over a 3-year period.
What you get
- Monthly profit payouts for regular income.
- Single-tiered profit structure.
- Tenure of 3 years.
- Deposit up to PKR 25 million.
- 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 100,000.
- Maximum deposit: PKR 25 million.
Tenure
Fixed tenure of 3 years.
Profit Payout
Profit paid monthly as a regular income stream.
Profit Structure
Single-tiered term deposit.
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
In case of premature encashment, profit shall be calculated and paid on the basis of premature encashment policy.
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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