Bank Alfalah's Islamic Banking Group's Saving Product paid monthly return of 9.89 percent (on annual basis) in February 2011. By giving its savings depositors a high rate of return on a deposit as low as Rs 10,000, Bank Alfalah's Islamic Banking Group - with its 80 branches in 32 cities - is helping its customers fight inflation.
The Group is specifically targeting depositors who otherwise receive low returns because of their small deposit holding. However, at Bank Alfalah's Islamic Banking Group, small depositors in Falah Mahana Amdani are getting a better rate of return than many term deposit customers in the industry.-PR