Alfalah Islamic Asaan Digital Savings AccountAlfalah Islamic Asaan Digital Savings Account

Alfalah Islamic Asaan Digital Savings Account

Open a bank account without any hassle! With minimal documentation and no initial deposit, open your Alfalah Islamic Asaan Digital Savings Account today through RAPID.

Eligibility Criteria All Resident Pakistanis.
Initial Deposit NIL
Product Features
  • Profit-bearing single tier account
  • No minimum balance requirement
  • Profit is calculated on average monthly balance
  • Profit disbursement semi-annually
    • Maximum credit balance limit:PKR 1,000,000
    • Monthly debit limit: PKR 1,000,000
  • Digital on-boarding through RAPID
  • Free first chequebook
  • Free online banking nationwide
  • Free e-statements
  • SMS alert on every transaction
  • VISA Debit/ATM Card accepted at over 30 million outlets and more than 2 million ATMs worldwide
  • Complimentary account statement semi-annually
Additional Benefits On maintaining, an average monthly balance of PKR 10,000/- in your checking account, get free accidental death and permanent disability takaful coverage.

On maintaining a minimum monthly average balance of PKR 1m or equivalent FCY deposit in current/savings/term deposit accounts, avail numerous free services as per our preferred banking services.

Underlying Principle This product is based on the concept of Mudarabah


  • Profit calculation & distribution will as per prevailing pool management guidelines
  • All the free services are subject to the terms and conditions as per prevailing Schedule of Charges
  • Withholding Tax and Zakat is applicable as per existing policy of Government