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Special offer to Bank Alfalah credit card customers Post paid phone connections of Warid Telecom
Bank Alfalah and Warid Telecom bring an exciting offer of Warid mobile phone connection for Alfalah credit card customers. Following are the features of this amazing offer:
No activation charges on Zahi 150, Zahi 500, Zahi 1000, Zahi 1500, Zahi 2500 & Zahi Unlimited packages (Provincial taxes are applicable if any)
Absolutely, no security deposit
Alfalah Cards SMS Facility for card usage, mini statement, payment receipt confirmation.
Automatic monthly billing through Bank Alfalah credit card at no cost to the customer.
Top quality Network and Service.
The most competitive packages.
Delivery at doorstep.
Property Insurance
We are fully aware that our clients wish to secure their assets against fortuitous losses. We offer various forms of property insurance providing comprehensive covers to safeguard the insured assets against the widest possible forms of risks.
We can provide the following forms of covers:
Fire & Allied Perils Property All Risks Comprehensive Machinery (Fire) Business Interruption following insured perils. Householder's Comprehensive Terrorism
Marine Cargo, Hull & Aviation Insurance
Alfalah Insurance offers extensive coverage for Marine and Aviation risks. Our expert professionals ensures appropriate coverage at competitive prices and also offers valuable consultancy services on risk management. We offer:
Marine Cargo Marine Hull Aviation Marine Liabilitie
Energy Insurance
Our senior mangers have the knowledge and the expertise to provide covers for a wide range of Energy risks such as oil & gas, petrochemicals, electric utilities and other entities.
We can offer Energy insurance coverages such as material damage, business interruption, contingent business interruption, and downstream liabilities.
Motor Insurance
Alfalah Motor insurance is second to none. We have developed a very efficient infrastructure to provide excellent service to our motor insurance clients.
We can cover:
- Comprehensive Motor Insurance (Private Vehicles)
- Comprehensive Motor Insurance (Commercial Vehicles)
- Comprehensive Motor Cycle Insurance
- Motor Third Party Liability Insurance
Various add-ons such as:
- Personal Accident Benefits to Driver and Passenger
- Replacement Vehicle
- Personal Effects
can also be provided subject to applicable additional premium. With a view to reward careful driving, we allow handsome no claims discounts which can result in substantial savings for drivers with clean loss records.
Engineering Insurance Top of Form
We understands the complexities of Engineering risks & coverage needs and offer the most appropriate and cost-effective insurance solutions. Our senior management has extensive experience in managing engineering insurance with in-depth knowledge of the industry ensuring risk management of the highest standards.
Jeweler's Block Burglary/Theft/Robbery/Holdup Fidelity Guarantee Group Personal Accident Cash in Safe Cash in Transit Plate Glass Signboards Performance Bond Advance Payment Bond Bid Bond Professional Indemnity General Third Party Liability Workmen's Compensation Deterioration of Stocks Crop Insurance
ALFALAH GHP INVESTMENT MANAGEMENT LIMITED
Alfalah GHP Investment Management Limited is licensed by the Securities and Exchange Commission of Pakistan (SECP) to provide asset management and investment advisory services to retail, corporate and institutional investors as per NBFC rules, 2003.
The company is a joint venture Non-Banking Finance Company established by Bank Alfalah Limited and GHP Arbitrium of Switzerland.
Alfalah GHP aims to float various mutual funds over a period of time that will seek to invest in diverse asset classes such as equities, money market, Islamic investments etc.
Funds Under Management
ALFALAH GHP VALUE FUND (AGVF) ALFALAH GHP INCOME MULTIPLIER FUND (AGIMF) ALFALAH GHP ISLAMIC FUND (AGIF) ALFALAH GHP PRINCIPAL PROTECTED FUND (AGPPF) ALFALAH GHP ALPHA FUND (AGAF) ALFALAH GHP PRINCIPAL PROTECTED FUND-II (AGPPF-II) ALFALAH GHP CASH FUND (AGCF)
Latest Fund Prices Tuesday, May 11, 2010
Offer Price Redemption Price
AGVF 55.49 54.
AGIMF 50.8779 50.
AGIF 60.90 59.
AGAF 57.76 56.
AGCF 502.05 502.
NAV Redemption Price
AGPPF 53.48 51.
AGPPF-II 52.22 49.
Structured Finance Department comprises a team of hand picked professionals, dedicated to syndicated loans and structured products. The team’s expertise is well known in the marketplace with its capability to assist public & private sector entities, major financial institutions, multinational corporations, domestic & international institutional investors in innovative financing including underwriting & private placements.
The scope of SFU’s activities also encompasses advisory assignments, such as privatization, Mergers & Acquisitions (M&As), domestic listings, IPOs and restructuring.
During the past few years, SFU has been successful in sourcing and participating in a number of prestigious transactions involving large amounts.
Some of the value added services offered by SFU include the following:
Loan syndication
Public floatation of Term Finance Certificates (TFCs) and equity
Private placement of Term Finance Certificates (TFCs) and equity underwriting
Guarantee syndications
Financial restructuring
Mergers & Acquisitions (M&As)
Fostering joint ventures
nostro account relationships. We shall continue to open new accounts in various currencies based on our trade flows and business requirements.
The correspondents are listed on a country-wise basis. The banks are listed alphabetically.
International Banking Division
Small and Medium Enterprise (SME) means an entity, ideally not a public limited company, which does not employ more than 250 persons (if it is manufacturing / service concern) and 50 persons (if it is trading concern) and also fulfills the following criteria of either ‘a’ and ‘c’ or ‘b’ and ‘c’ as relevant:
(a) A trading / service concern with total assets at cost excluding land and building up to Rs 50 million.
(b) A manufacturing concern with total assets at cost excluding land and building up to Rs 100 million.
(c) Any concern (trading, service or manufacturing) with net sales not exceeding Rs 300 million as per latest financial statements.
An Individual, if he or she meets the above criteria, can also be categorized as an SME.
Realizing its corporate social responsibility and carrying forward the image of "The Caring Bank", Bank Alfalah started a separate department at the Head Office level in early 2004. The SME Department was established with a mandate to foster SME finance at BAL, explore opportunities for developing structured product programs for SMEs, introduce the concept of Dedicated SME officers and finding market based solutions to fill the financing gap to this important and under-served business segment.
Bank Alfalah believes in innovation, simplification of procedures, and reduction in turnaround time and customer friendly service. To accomplish this resolve, the SME Department's services are available at all Bank Alfalah conventional branches throughout Pakistan to nurture valuable relationships in the SME sector.
ALFALAH KAROBAR FINANCE
Bank Alfalah’s first SME product Alfalah Karobar Finance is a running finance facility based on projected cash flows. Under AKF, we offer working capital finance (Rs.0. million to Rs. 20 million) to SME’s at highly competitive rates. We have a team of professional credit officers who provide expert financial advice along with customized packages to a diverse range of business clientele. The product is available to SMEs through all Bank Alfalah conventional branches across the country.
Bank Alfalah took another step towards addressing the needs of the industry by introducing Alfalah Milkiat Finance. AMF is aimed at strengthening the Small and Medium Enterprises viz a viz their business premises. Alfalah Milkiat Finance offers comprehensive and flexible financing packages from Rs. 0.5M up to Rs. 30 million for the purchase, renovation and expansion of business premises.
Alfalah Quick Finance is a personal loan against National Saving Certificates, Prize Bonds, Alfalah GHP Principal Protected Fund & PKR/FCY deposit for meeting personal, family and household needs.
Your Bank Alfalah Credit Card is your partner everywhere and is globally accepted and welcomed at locations displaying the VISA logo. It is accepted at nearly 29 million locations in more than 150 countries around the globe and over 27,000 Bank Alfalah’s establishments in Pakistan.
Alfalah VISA lets you pay for shopping, travel, entertainment, meals and much more. Card members are facilitated through a number of promotions from time to time. In addition, there are a number of strategic business partnerships with leading local and international brands for purchase of home appliances at exciting Step-BY-Step (SBS) monthly installment plan with free home delivery at lowest interest rates. Salient features are:
No Joining / Annual / Renewal fee (except Platinum cards) Electricity, Sui Gas, PTCL and Warid bills payment through 24 hour Call Center and Auto Debit instructions
You own a plot but need financing to construct a home, that excites everyone in your family! No problem. We will provide up-to 100% of the construction cost enabling you to say good-bye to rent forever! Even if you don't have a plot, we will provide upto 60% of the value of the plot that you have selected to purchase!
Do we excite your imagination?
Payment period ranges from 3 to 20 years.
Does your existing installment on a home finance leave you with nothing to spend? You need not worry any more because we have genuinely attractive rates and flexible payment options that could leave more funds with you each month. With our Home BTF, repaying your home finance will not make you break into a sweat! Transfer upto 100 % of the existing finance.
ALFALAH KAMYAB KAROBAR:
unfortunate event of the death (either through accident, illness or natural causes) of the main breadwinner (account holder) parent.
Alfalah Education offers a competitive return on term deposit and secondly, it creates a contingency provision for our school going youth’s education in the hapless event of the death of any major breadwinner. The product seems rewarding in the current scenario of increasing number of children of school going age and the general public interest in quality education of their off springs.
Features
Deposits can be placed in multiple of 100,000 units with maximum 3 units allowed per depositor, i.e. a maximum deposit per customer of Rs. 300,000 across all BAL branches. All 3 units can be purchased for 1 child or each for up to 3 children. No evidence of insurability (medical examination/health decoration) is required. Maximum entry point age is 55 years (renewable up to 64th birthday) Benefit payment increases with age/class of the child. The product will be offered as a 1 year term deposit at upto 7 % profit to be paid at maturity Premium cost for each deposit unit of Rs. 100,000 would be Rs. 85 per month and borne by the bank. Regular Zakat and WHT would apply on the deposit. Monthly payments set forth will be paid directly to the mother/guardian, regardless of the actual school fee. In case of joint account holders, only main breadwinner account holder would be covered under the policy. Premium will be paid to ALICO by BAL on monthly basis.
Benefit Schedule
Benefit Payable: for 15 years or up to the child age 20 Monthly Premium: Rs. 85 Deposit: Rs. 100,
Child Age*
Benefit Payable for no. of years
Monthly Payment (Rs.) 5 15 2600 6 14 2800 7 13 3000 8 12 3200 9 11 3300 10 10 3600 11 9 3900 12 8 4300 13 7 4800 14 6 5400
Child Age*
Benefit Payable for no. of years
Monthly Payment (Rs.) 15 5 6300 16 4 7600 17 3 10000 18 2 14600 19 1 28300
- Child age at the time of Breadwinner’s death.
FAQs
- What is Alfalah Education Term Deposit? Alfalah Education term deposit is issued as a one year TDR, renewable at maturity, caters to individuals/joint accounts only, with a free of cost added benefit of education insurance coverage of depositor’s child (ren).
- What is education insurance coverage? Education Insurance coverage provides a contingency provision for depositor’s child’s tuition fee (upto the age of 20 year) in the hapless event of the death of the main breadwinner.
- Who can avail this facility? Any Pakistani resident over the age of 18 years can avail this facility. This facility is offered only to individual/joint customers. Other customers like companies, corporate etc are not eligible to avail this facility.
- What is the maximum entry point age? Maximum entry point age is 55 years (renewable up to 64th birthday).
- Is the customer required to have an account with BAL? Yes. The Customer must be maintaining a Pak Rupees checking account with BAL and TDR facility shall be availed from the same branch.
- What is the minimum & maximum placement limit for availing this facility? Minimum placement limit is Rs. 100,000/- (1unit) and maximum placement limit is Rs. 300,000/- (3 units). Units can be purchased for 1child or each unit upto 3 children.
- What is the tenure of Alfalah Education TDR? The Alfalah Education TDR will be issued for one year tenure with auto renewal facility.
- Is there any detailed medical examination required before the facility can be availed? No medical examination/health declaration is required.
- How long is the insurance valid? The insurance policy will remain valid under the following conditions: a) Till the time, depositor maintains his/her funds under the product Alfalah Education Term Deposit. b) Till the time, the age of the depositor (main breadwinner) does not exceed 65 years. c) Till the time, the age of child (ren) remains within the age bracket of 5 year up to 20 year.
1. Who can open this account?
Any Pakistani resident over the age of 18 can open this account. This account is for individual/joint customers only. Other customers like companies, corporate etc are not eligible for opening of this account.
2. What is the minimum & maximum balance requirement to open this account?
Minimum balance requirement for opening this account is Rs. 10,000/- with a maximum of Rs.1, 000,000/-
3. How often can a customer withdraw funds?
Three debit transactions are allowed in a month either through cheques or Debit Card/POS machine.
4. How often can a customer deposit funds? There is no restriction on deposit transactions. 5. Will customer be issued cheque book and Hilal (Debit) card? The bank will issue the first cheque book of 25 leaves and a Debit card. 6. When will the profit be credited in the account? Profit will be calculated on monthly minimum balance basis and will be credited in the account on quarterly basis. No profit shall be payable for a particular month, if the minimum balance for any particular day of said month falls below the amount of Rs. 10,000/-. 7. Is online facility available for this account? Yes it is. (Subject to fulfillment of all related requirements) 8. Are their any service charges for this account? All service charges are as per the prevailing ‘Schedule of Charges’ 9. How many Kifayat accounts can be opened by one customer? Only one account per customer will be allowed across all branches of Bank Alfalah. 10. When will account statement be generated? Account statement will be generated on half yearly basis.
Download Alfalah Kifayat flyers & print ads:
- Alfalah Kifayat - English Ad
- Alfalah Kifayat - English Flyer
- Alfalah Kifayat - Urdu Flyer
Alfalah Mahana Amdan
Alfalah Mahana Amdan is a 3 year TDR with expected rate of profit of 10% p.a. This term deposit will provide an opportunity to individual/joint customers to enjoy higher returns that will automatically be credited to his/her current/PLS/RP/BBA account on 1st working day of each month.
This facility is not available for business and corporate customers.
Some salient features
- Minimum placement limit is Rs. 100,000/- and maximum placement limit is Rs.15,000,000/-
- Expected Rate of profit is 10% Per annum (as per PLS governing rules)
- Profit will be automatically credited on the 1st working day of each month into customers Current/PLS/RP/BBA account
- Free Personal Accident Insurance coverage up to the deposit amount or Rs. 1,500,000/- whichever is lower.
- Customer can avail financing facility up to 90% of the deposit(as per banks policy)
- Any Pakistani resident over the age of 18 can open this account
- Alfalah Mahana Amdan term deposit can be maintained only at any one BAL branch with a maximum cap of Rs. 15 Million. An undertaking shall be obtained from the customer certifying that he/she is not availing Alfalah Mahana Amdan Term Deposit Receipt facility from any other BAL branch.(included in AOF)
- Alfalah Mahana Amdan TDR will be issued for three years tenure with auto renewal facility of principal amount i.e. the facility will be renewed automatically on maturity (i.e. 3 years)
- Alfalah Mahana Amdan TDR will be subject to Zakat, Withholding Tax as well as any other applicable taxes
- What happens on the maturity of TDR? The TDR will be auto renewed for the next term at the prevailing rate of profit. In case, the customer is willing to encash the funds at the time of maturity, he/she will furnish the request at least 3 working days prior to its maturity date in writing to the branch to encash his/her TDR and credit the principal amount to his/her account (as mentioned in application form)
- Is premature encashment allowed? Yes, premature encashment is allowed. However, in such cases system will calculate profit amount at the prevailing rate of normal TDR depending upon the nearest period bracket completed. For example, if premature encashment is made after 1 year & 11 months, the 1 year prevailing profit rate of normal TDR will be applied on number of days funds remain placed with the bank. Rate differential on already paid profit will be adjusted from the principal amount.
- Is there any premium penalty on premature encashment? In case of any premature encashment upon customer request, prevailing premium rate (i.e. Rs. 140/- per deposit of Rs. 100,000/-) shall be recovered from the customer for the current year and will be deducted from the principal amount.
- How many Alfalah Mahana Amdan TDR facilities can be availed by one customer? Customer can maintain Alfalah Mahana Amdan Term Deposit only at any one BAL branch, with a maximum cap of Rs. 15 million. An undertaking shall be obtained from the customer certifying that he/she is not availing Alfalah Mahana Amdan TDR facility at any other branch.
- What shall be the procedure if a customer is found maintaining more than one Alfalah Mahana Amdan TDR facility at any other BAL Branch? In case a customer is found maintaining placement at more than one branch than all subsequent Alfalah Mahana Amdan Term Deposit Receipts availed at any other branch shall be treated as normal TDR and profit shall be paid as per prevailing normal TDR rates. Rate differential on already paid profit will be adjusted from the principal amount.
- What shall be the procedure if a customer is found maintaining placement of more than 15 million? In case a customer is found maintaining placement for more than 15 million, all subsequent placements exceeding Rs. 15 million shall be treated as normal TDR and profit shall be paid as per prevailing normal TDR rates. Rate differential on already paid profit will be adjusted from the principal amount.
