Overview
Bank Alfalah Islamic Premium Term Deposits are designed for individuals and businesses seeking higher returns on large-value investments with the flexibility of choosing profit payout options. This Shariah-compliant plan ensures both convenience and premium benefits for depositors.
What you get
- Choice of monthly or bullet maturity profit payouts.
- Multiple tenures: from 1 month to 1 year.
- Daily profit calculation for maximized returns.
- 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 5,000,000.
- No maximum deposit limit.
Tenure Options
- Monthly Profit: 1 year.
- Bullet Maturity Profit: 1 month, 3 months, 6 months, or 1 year.
Profit Payout
Monthly or bullet maturity profit payment.
Profit Calculation
Profit calculated daily for optimized earnings.
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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