Personal Accounts:
Bank Alfalah – Islamic Banking Division (BAL-IBD) offers Current, Savings and Term Deposit facilities to its customers seeking personal banking relationships with the following features:
Facility |
Minimum balance |
Profit‡ |
Zakat deductions |
Current deposit |
PKR 10,000/= |
Nil |
Not applicable |
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Musharakah Savings deposit |
PKR 5,000/= |
Tiered structure, 6 monthly pay-out |
Applicable |
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Musharakah Term deposit |
PKR 50,000/= |
Tiered structure, 6 monthly pay-out |
Applicable |
‡ All profits subject to 10% withholding tax
On-line cash deposit facility at all branches of Bank Alfalah
On-line transfer facility between all branches of BAL-IBD
Remittances:
Foreign and local remittances are both available. Foreign remittances are available in the following currencies: US dollars, Pound Sterling and Euro.
Locker services:
Locker services are offered at select branches. Lockers are available in three sizes – small, medium and large. Annual charges for the lockers are as follows:
Small Rs 1,000/-
Medium Rs 2,000/-
Large Rs 3,000/-
Lockers are available to account holders and carry an insurance value of Rs.250,000/-
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