Falah 3 Year Term Deposit Certificate (Monthly Income Certificate) With Falah 3 Year Term Deposit Certificates you earn high rate of returns on your savings with the flexibility of withdrawing your profits at your convenience as a regular source of income. You can place funds in this product if you are an individual or a business entity. It is a profit bearing fixed 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 upco...
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