Alfalah Islamic Freelancer Digital Account offers easy and convenient banking solution for customers who wish to open an account instantly with minimal documentation. The account is offered in PKR and FCY as both, current and savings variant. Any resident Pakistani National can open this account through bank’s RAPID portal, upon providing their valid ID proof and declaration of source of income.
| Eligibility Criteria | All individuals, resident in Pakistan, engaged in provision of any digital/online services, including IT and IT related services against which payments are received from outside Pakistan |
| Initial Deposit |
|
| Product Features |
|
| Benefits |
|
| 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. |
| Underlying Principle | This product is based on the concept of Mudarabah |
Note:
- Profit calculation & distribution will as per prevailing pool management guidelines
- 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
