Overview
Bank Alfalah Islamic Term Deposit offers attractive returns on your savings while ensuring complete Shariah compliance. With multiple tenure options and profit disbursed at maturity, this account helps you grow your wealth with confidence and flexibility.
What you get
- Competitive profit on PKR deposits.
- Tenure flexibility from 1 month to 5 years.
- Profit paid at maturity.
- Multiple-tiered profit structure.
- No maximum deposit limit.
- Free takaful coverage up to PKR 2 million.
- Preferred banking benefits on higher balances.
- Shariah-compliant investment under Mudarabah.
Features & Benefits
Deposit Requirements
- Minimum deposit: PKR 100,000.
- No maximum deposit limit.
Flexible Tenures
Choose from 1 month, 3 months, 6 months, 1 year, 2 years, 3 years, or 5 years.
Profit Payment
- Profit paid at maturity.
- Based on prevailing pool management guidelines.
Multiple Tiers
Returns increase with higher deposit amounts.
Takaful Coverage
- Free accidental death and permanent disability takaful up to PKR 2 million.
- Applies on maintaining PKR 10,000 average monthly 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 as per declared monthly rates for completed tenure.
Eligibility
- Available to all Bank Alfalah Islamic Current and Saving Account holders.
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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