The Bank Alfalah Islamic Profex Account is a tier-based foreign currency savings account designed to help you grow your international savings. Available in USD, GBP, and Euro, the account offers competitive monthly profits, unlimited transactions, and free essential banking services. With tiered profit rates, higher balances bring you higher returns.
What you get
Available to all Pakistani nationals with CNIC/NICOP/SNIC.
Minimum initial deposit of USD 5,000 / GBP 5,000 / EUR 5,000.
Based on Mudarabah. Profit is calculated monthly on the average balance and disbursed every month.
Enjoy higher returns as your balance increases.
Account available in three major currencies: USD, GBP, and Euro.
No minimum or maximum balance requirement once account is opened.
Make unlimited deposits and withdrawals without restrictions.
Free e-statements, free first cheque book, SMS alerts on every transaction, and a complimentary semi-annual account statement.
Maintain an average monthly balance of PKR 10,000 in your checking account to get free accidental death and permanent disability takaful coverage of up to PKR 2 million.
| Features | Bank Alfalah Islamic Profex Account |
|
|---|---|---|
|
Currency
|
(USD/EUR/GBP)
|
— |
|
Initial Deposit to Open
|
-
|
USD 5000/- |
|
Minimum Balance to Keep
|
-
|
— |
|
Account Maintenance Fee
|
-
|
— |
|
Indicative Profit
|
0.50% - 3.25%
|
— |
|
Profit Payment Frequency
|
Monthly
|
— |
|
Debit Card
|
-
|
— |
|
Cheque Book
|
First Cheque book free, subsequent
cheque books PKR 22.5/- Per leaf or equivalent for FCY
accounts
|
— |
|
SMS Alerts
|
PKR 250/- Per Month
|
— |
|
E-Statement
|
Yes
|
— |
|
Bankers Cheque
|
-
|
— |
|
Clearing
|
-
|
— |
|
Account Limits
|
No Limits
|
— |
|
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.
|
— |
| Open An Account | — |