The Bank Alfalah Islamic Women Account is a profit-bearing deposit account designed specifically for women. It operates on the principles of Mudarabah, allowing women to earn halal profits on their savings while providing them with financial security and accessibility.
Why Choose the Islamic Women Account?
- Profit Sharing with Mudarabah Experience the benefits of halal investing with our profit-sharing based on Mudarabah principles. Your deposits will be managed by our experts, ensuring you earn competitive profits while adhering to Shari’ah principles.
- Debit Card Customized Debit Cards. Customers will have an Option to choose from both Gold Women Card and PowerPack Signature Women card, at the discretion of customer and meeting the eligibility criteria.
- Alliances Customized Debit Card with Exclusive Discounts on Lifestyle, Fashion, Dining, Baby Brands and Travel brands
- Transactional Privileges Free Online transactions (Both within and intercity) will be offered to the account holder. This is applicable on all Islamic Women Accounts.
- Locker Privilege Free lockers facility at IBG branches subject to the availability and eligibility of lockers.
- Easy Accessibility With no minimum balance requirement and no restrictions on transactions, managing your funds has never been easier. Enjoy the freedom to deposit and withdraw as needed.
- Takaful Coverage We provide free Takaful coverage to ensure your financial security. Maintain a specific balance to qualify for this valuable protection, giving you peace of mind.
- Alternative Delivery Channels Free Internet Banking, SMS Alerts and Alfa.
- Orbits Loyalty Program Automatic enrollment on Orbits with redemption of points on categories like Lifestyle, travel, dining, etc. Accelerated orbit reward points plan may be offered.
Features & Benefits
- Daily Balance Profit Calculation
- No Minimum Balance Requirement
- Flexible Deposits and Withdrawals
- Customized Debit Card Options
- Free First Cheque Book
- Loyalty Program Benefits
- Access to Financial Literacy Resources
Eligibility
- Only female individuals are eligible to open this account. This includes individual accountholders and joint accounts (both accountholders must be female).
- Applicants must be at least 18 years old. For minors, a guardian must open the account on their behalf.
- Both resident and non-resident women can apply for the account, provided they meet the documentation requirements.
Documentation
Applicants must provide valid identification and complete the KYC (Know Your Customer) requirements. Required documents typically include:
- CNIC (Computerized National Identity Card) or valid passport
- Proof of address (utility bill, bank statement, etc.)
- Any additional documents as required by the bank.
Additional Information
- Click here to view the Bank Alfalah Islamic Women Account profit rates.
- 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.
For any further queries, be sure to check out our FAQs, email us at contactus@bankalfalah.com or contact us at our 24/7 dedicated helpline; +92 21 111 225 111
