Falah
Mahana Amdani Account
If you are looking at earning monthly profits with
easy accessibility to your growing savings at all times, then Falah Mahana
Amdani Account is what you are looking for. Whether you are an individual or a
business entity you can benefit from this account.
It is a profit bearing deposit account designed on the
foundation of ‘Mudarabah’, where Bank is the ‘Mudarib’ (manager of the funds)
and you, the customer is the ‘Rabb-ul-Maal’ (owner of funds). Bank at its
discretion use or employ your deposited funds in Shariah compliant modes such
as Ijarah, Murabaha and Musharakah. Bank Alfalah Islamic Banking will share the
profit on the basis of predetermined profit sharing ratio.
The rate of return on your deposit will be determined
through a Shariah approved mechanism called weightages, which are announced
before the beginning of each calendar month and shall remain applicable for
upcoming month. In the event of loss, all depositors will share such loss
proportionate to their investment.
Features:
·
Profit is calculated on average balance of the month
and paid every month.
·
Minimum initial deposit for account opening is Rs.
10,000 only.
·
Maximum balance limit is Rs. 25 million.
·
No restriction on number of deposit or withdrawal
transactions.
·
Tier base account.
Benefits:
·
VISA Debit/ATM Card accepted at over 30 million
outlets and more than 4,000 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.
Note: All the free services are subject to the terms
and conditions as per prevailing Schedule of Charges.
*In case the account balance exceeds maximum limit i.e
25 million. The Profit Rate of Falah Classic Saving Account will be applied.
**Withholding Tax and Zakat is applicable as per
existing policy of Government.
Note: Profit
rates of all Islamic Banking deposit products are declared on monthly basis.
Profit is credited to accounts within 7 working days of next month, but is
value dated to the first of the month.
Click
here to download Customer Notice
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