Alfalah Falah Musharaka Term Deposit Certificates Foreign Currency
(Rs)
(Rs)
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Features
- This account can be opened in US Dollar, Euro and Pound Sterling currency
- Profit payment frequency is on maturity basis
- The funds can be fixed for a tenor ranging from 1 month to 1 year
- Interest rate varies from 0.05% to 3.31% based on type of currency
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Benefits
- Profit is calculated on average deposit balance and tenor
- Only 1,000 USD/GBP/Euro initial investment is required to get profit
- Enojoy Halal profit on your deposit
- Renewal option is also available
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Eligibility
Salaried Person:
- Age Limit: 18 - 70 years
- Documents required: CNIC, Proof of employmentSelf-employed/Businessmen:
- Age Limit: 18 - 70 years
- Documents required: CNIC, Proof of business -
FAQ
Yes, you can earn a certain profit or interest on your foreign currency deposits as long as it is a foreign currency savings account rather than a current account.A foreign currency bank account can be opened in USD, GBP, and EUR. Certain banks also allow Japanese Yen.You can withdraw by cheque only.Yes, if a foreign currency account is of type savings, you will receive a profit on your balance on regular intervals such as 3 months, 6 months and 12 months.
Other Details
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Best Suitabe For
Short term savings
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Target Age Group
18 - 70 years
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Interest Rate / Profit Rate
3.31%
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Interest Calculation Frequency
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Profit Payment Frequency
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Currency of Account
USD, GBP, EUR
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Free ATM / Debit Card?
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ATM Card Network
VISA / PayPak
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Free Cheque Book?
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Manage with App?
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Branch Banking
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Online Banking?
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