Falah Islamic Current Account at Alfalah Bank

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Falah Islamic Current Account

Falah Islamic Current Account enables you to derive maximum benefits from your deposits. It is the right solution for individuals as well as businessmen and entities that make frequent transactions. Based upon Qard, (loan on demand) where you are the lender and Bank the borrower, this Current Account is free of interest and the principle is guaranteed to you as the depositor. You can be rest assured that your funds will be utilized in strict adherence to Shariah principles, as all deposited funds in this account are invested in Islamic assets.

Features:

· Minimum initial deposit requirement for account opening is Rs. 1000 only

· No minimum and maximum balance requirements.

· No restriction on number of monthly deposit or withdrawal transactions.

Benefits:

· VISA Debit/ATM Card accepted at over 30 million outlets and more than 2 million ATMs worldwide.

· Free cheque books, pay orders and demand drafts.

· Convenience of Online banking across all Bank Alfalah Islamic branches nationwide, with no charges.

· Free e-statements.

· SMS alerts on every transaction.

· Complimentary account statement semi-annually.

* Zakat is not applicable

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