Falah
Foreign Currency Current Account
Falah Foreign Currency Current Account enables you
to derive maximum benefits from your foreign currency deposits. Based upon
Qard, (loan on demand) where you are the lender and Bank the borrower, this
Foreign Currency Current Account is free of interest and the principle is
guaranteed to you, the depositor.
You can be rest assured that your funds will be
utilized in strict adherence to Shariah principles, as all deposits are
allocated in a specific pool of funds which are further invested in Islamic
assets.
The Account is governed by rules & regulations
on Foreign Currency Account issued from time to time by State Bank of Pakistan
and Government of Pakistan.
Features:
·
Account can be opened in US Dollar,
Pound Sterling or Euro currency.
·
Minimum initial deposit requirement for
account opening is 100/- (USD, GBP or EURO).
·
No minimum and maximum balance limit.
·
No restriction on deposit and withdrawal
transactions.
Benefits:
·
Free cheque books.
·
Complimentary account statement
semi-annually.
·
Free E-statements
·
SMS alerts on every
transaction (charges as per SOC)
Note:
All
the free services are subject to the terms and conditions as per
prevailing Schedule of Charges
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