Looking for a simple way to save while staying true to your faith? With the Alfa Islamic Saving Account, you can enjoy Riba-free profit on your daily balance, credited monthly, all while having the flexibility of digital access through the Alfa App.
Why Choose Alfa Islamic Saving Account?
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Halal Profit – Earn Riba-free profit, calculated daily and paid monthly.
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Instant Account Opening – Open your account digitally in just minutes.
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Swift & Secure – Safe and reliable transactions anytime, anywhere.
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Tier-Based Profit Structure – Earn more as your savings grow.
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No Minimum Balance – Save and transact freely without restrictions.
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Debit Card Access – Enjoy 24/7 access to your funds.
How to Open an Alfa Islamic Saving Account?
Go to “Open New Account” > Select “Open Wallet Account” > Choose “Islamic Wallet” > Choose “Saving Account.”
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Enter Required Details
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CNIC
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Mobile Number
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CNIC Issuance Date
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Place of Birth
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City of Stay
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Father’s Name
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Mother’s Maiden Name
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Deposit Funds
Add money into your Alfa Islamic Saving Account via:-
Online Funds Transfer (IBFT)
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Bank Alfalah Branch
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Cash Deposit Machine (CDM)
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Alfa Agent Shop
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Terms & Conditions Apply
Product Features
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Instant digital account opening
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Riba-free profit on daily end-of-day balance
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Monthly profit payouts
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Tier-based profit rates for higher savings
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Multiple transactions such as utility bills, top-ups, and transfers
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No minimum balance requirement
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Debit card for 24/7 fund access
Save & Transact
Your savings don’t have to sit idle. With Alfa Islamic Saving Account, you can use your balance for everyday transactions:
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Utility Bill Payments
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Mobile Top-ups
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Online Shopping
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Funds Transfers
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Donations
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QR Payments
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School Fee Payments
Daily, Monthly & Yearly Transaction Limits
Transact within the following daily, monthly and yearly limits.
Visit any Bank Alfalah Branch for Biometric verification to enjoy higher transaction limits.
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Mobile Account level |
Transaction limits (Debit & Credit each) |
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Daily |
Monthly |
Yearly |
Max Balance |
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Level 0 |
PKR 25,000 |
PKR 50,000 |
PKR 200,000 |
PKR 200,000 |
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Level 1 |
PKR 50,000 |
PKR 200,000 |
PKR 2,400,000 |
PKR 2,400,000 |
Profit Rates & Charges
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Profit is calculated daily and credited monthly.
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Tier-based profit structure ensures you earn more as you save more.
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Charges apply as per prevailing Schedule of Charges (SOC).
👉 View Profit Rates | Schedule of Charges | Key Fact Statement
Start Saving the Halal Way
Open your Alfa Islamic Saving Account today and enjoy Riba-free profits along with the convenience of digital banking.
Download the Alfa App now and start your savings journey.
Need Help?
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Visit our FAQs
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Email: contactus@bankalfalah.com
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Call 24/7 helpline: +92 21 111 225 111
Or visit your nearest Bank Alfalah branch