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
Profit paid according to declared rates for the completed period.
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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