Alfalah Islamic Profex Account
Introducing a Tier-Based Foreign currency savings account that lets you save with monthly profits and enjoy increased returns on higher balances.
| Eligibility Criteria | All Pakistani Nationals with CNIC/NICOP/SNIC. |
| Initial Deposit | USD 5000/-
GBP 5000/- Euro 5000/- |
| Product Features |
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| Benefits |
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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. |
| 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
