alfalah
alfalah
Alfalah Islamic Profex AccountAlfalah Islamic Profex Account

Alfalah Islamic Profex Account

Introducing a Tier-Based Foreign currency savings account that lets you save with monthly profits and enjoy increased returns on higher balances.

Eligibility Criteria All Pakistani Nationals with CNIC/NICOP/SNIC.
Initial Deposit USD 5000/-

GBP 5000/-

Euro 5000/-

Product Features
  • Profit-bearing tiered account
  • Available currencies: USD, GBP and Euro
  • No minimum and maximum balance limit
  • Profit is calculated on average monthly balance
  • Monthly profit disbursement
  • Unlimited cash deposits and withdrawal
Benefits
  • Free e-statements
  • Free first cheque book
  • Over the counter cash deposit
  • SMS alert on every transaction
  • 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 of up to PKR 2 Million.

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

Note:

  • 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