Overview
Bank Alfalah Islamic Foreign Currency Term Deposit offers a Shariah-compliant way to earn competitive returns on your foreign currency savings. Available in US Dollar, Pound Sterling, and Euro, this deposit provides flexibility, high returns, and complete financial security.
What you get
- Attractive returns on USD, GBP, and Euro deposits.
- Flexible tenures ranging from 1 month to 1 year.
- Profit paid at maturity.
- Multiple-tiered returns for USD deposits.
- No maximum deposit limit.
- Free takaful coverage up to PKR 2 million.
- Exclusive preferred banking services on eligible balances.
- Complete Shariah compliance under Mudarabah.
Features & Benefits
Deposit Requirements
- Minimum deposit: USD 1,000 / GBP 1,000 / Euro 1,000.
- No maximum deposit limit.
Currency Options
- Open account in USD, GBP, or Euro.
- USD deposits: Multiple-tiered returns.
- GBP & Euro deposits: Single-tiered returns.
Flexible Tenures
Available tenures: 1 month, 3 months, 6 months, and 1 year.
Profit Payout
- Profit paid at maturity.
- Distributed as per pool management guidelines.
Takaful Protection
- Free accidental death & permanent disability coverage up to PKR 2 million.
- Applicable on maintaining PKR 10,000 average monthly balance in checking account.
Preferred Banking Benefits
- Free exclusive services.
- Maintain PKR 1 million or equivalent FCY balance across accounts.
Shariah Compliance
Based on the principle of Mudarabah.
Premature Encashment
Profit paid as per declared monthly profit rates for completed tenure.
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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