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
Profit paid according to declared rates for the completed period.
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
Compare Account
| Features | Kashtkaar Current Account |
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All Bank Alfalah Islamic Current and Saving Accountholders.
PKR 5,000,000/-
Available in
- Monthly Profit : 1 year
- Bullet Maturity Profit : 1 month, 3 months, 6 months & 1 year
- Multiple tiered term deposit
- Monthly profit payment
- Daily profit calculation
- No Maximum Deposit limit
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.
This product is based on the concept of Mudarabah.
Bank Alfalah Islamic Premium Term Deposits
Looking for a high rate on your term deposit? Bank Alfalah Islamic Premium Term Deposit offers you just that.
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Eligibility Criteria |
All Bank Alfalah Islamic Current and Saving Accountholders. |
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Minimum Deposit |
PKR 5,000,000/- |
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Tenures Available |
Available in
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Product Features |
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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. |
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Underlying Principle |
This product is based on the concept of Mudarabah |
Note:
- Profit calculation & distribution will as per prevailing pool management guidelines
- In case of premature encashment, profit shall be calculated and paid on the basis of actual declared monthly profit rates of TDR for the corresponding completed period as per related tier for the relevant period of stay of deposit with the Bank.
- 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
You can apply for Bank Alfalah Islamic Premium Term Deposits at the branch.
For any further queries, be sure to check out our FAQs, email us at contactus@bankalfalah.com or contact us at our 24/7 dedicated helpline; +92 21 111 225 111 or visit our nearest branch
Age 18 Years Above
Registered Mobile Number
Pakistani Resident AGE
National Identity Card (SNIC/CNIC)
*Charges would be applicable as per the prevailing bank’s Schedule of Charges (SoC). Lockers are subject to availability.
For further details, please reach out to us at employee.banking@bankalfalah.com or dial 111-225-111 for further information.