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Overview

The Bank Alfalah Islamic Freelancer Digital Savings Account makes banking simple for freelancers working with international clients. With instant digital account opening, dual PKR and USD account options, and the ability to retain a portion of your export proceeds in foreign currency, this account provides flexibility, security, and convenience—backed by Riba-free profit and free essential banking services.

What you get

  • Dual accounts: PKR Savings Account + USD Exporters’ Special Foreign Currency Account (ESFCA).
  • Retention of USD 5,000/month or 50% of export proceeds in USD.
  • Riba-free profit with monthly disbursement.
  • Flexibility to convert USD to PKR anytime or use directly for digital payments (subscriptions, certifications, marketing, etc.).
  • Free SMS alerts, e-statements, and cheque book (PKR only).
  • Free takaful coverage up to PKR 2 million on maintaining a monthly balance of PKR 10,000.

Features & Benefits

Account Opening

Instantly via RAPID portal with valid CNIC/NICOP & income declaration.

Currency Options

PKR Savings Account + Exporters’ Special Foreign Currency Account (USD).

Initial Deposit

No Initial Deposit & No Minimum Balance.

Foreign Currency Retention

Keep USD 5,000/month or 50% of export proceeds (whichever is higher) in ESFCA.

Flexible Usage

Retained USD can be converted to PKR anytime or used for personal/work-related digital payments (subscriptions, certifications, marketing, etc.).

Free Digital Services

SMS alerts, e-statements, cheque book (PKR only).

Takaful Protection

Free accidental death & disability coverage up to PKR 2 million (with avg. balance of PKR 10,000).

Preferred Banking Privileges

On maintaining PKR 1M+ or equivalent FCY deposits.

Shariah-compliant

Based on the principle of Mudarabah.

How To Open

01
Initiate Application
Provide your details and select desired banking options available.
02
Provide Documents
Upload copies of your identity and other required documents.
03
Review Process
Allow the bank to verify and process your application.
Account Activation
Receive confirmation of account activation and start banking!
Open An Account

Required Documents

  • Valid CNIC/NICOP/SNIC.
  • Proof of source of income (freelance/digital services declaration).
  • Valid email address and mobile number for digital registration.
  • Any additional documents required under prevailing regulations.

Important Documents

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Features Bank Alfalah Islamic Freelancer Digital Savings Account
Currency
PKR
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Initial Deposit to Open
-
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Minimum Balance to Keep
-
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Account Maintenance Fee
-
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Indicative Profit
0.08
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Profit Payment Frequency
Monthly
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Debit Card
Yes - Charged
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Cheque Book
First Cheque book free, subsequent cheque books PKR 22.5/- Per leaf or equivalent for FCY accounts
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SMS Alerts
PKR 250/- Per Month
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E-Statement
Have this feature
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Bankers Cheque
PKR 450/-
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Clearing
Intercity - 350 Per Cheque, Same Day - PKR 600/- Per instrument
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Account Limits
No Limits
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IBFT
Free up to minimum aggregate sending limit of PKR 25,000/- per month per account, After exhaustion of monthly limit or for amount exceeding aggregate of monthly PKR 25,000/-; 0.1 % of the transaction amount or PKR 200/- (whichever is lower) will be charged.
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Open An Account