Exclusive Banking

Islamic Banking

Absa Islamic Banking provides a variety of specialized banking, saving and investment solutions that operates in strict compliance with Shari’ah Law.

Absa Islamic Banking is advised and guided by the independent Shari’ah Supervisory Board, a panel of experts in Shari’ah Law and its application in economics. The members of the Independant Shari’ah Supervisory Board are Mufti Ashraf Qureishi, Sheikh Tauha Karaan, Dr Yunoos Osman and Dr Aznan bin Hasan.

We understand that customers who seek Shar’iah-compliant banking solutions have essentially the same banking requirements as other customers, and our solutions are developed to ensure that you are able to manage your finances with ease, freedom and flexibility.

Islamic Banking is an alternative to conventional banking that is available to anyone who seeks a different approach to financial services, not only for members of the Muslim community who wish to operate financially in line with Shari’ah Law.

Umrah Pilgrimage Offer

Don’t miss out on this offer which will assist you in planning for your Umrah Pilgrimage which is valid until the 31st of December 2014.

Islamic Value Bundle

The Islamic Value Bundles are Shari’ah-compliant – offering you affordable Silver, Gold or Platinum pricing options.

Islamic Cheque Account

Everyday transactional account that offers a full range of banking solutions and services.

Islamic Vehicle and Asset Finance

Shari'ah compliant finance for vehicle or other movable assets you want to acquire.

Takaful Motor, Household and Business Insurance

Insurance cover for your vehicle, household and business with useful additional benefits.

Islamic International Banking

Travellers cheques, foreign bank notes and cash passports which are Shari'ah compliant.

Islamic Savings

A Shari’ah-compliant savings account that provides you with a pre-agreed profit-share payout and a card that you can use to access your funds at any time.

Islamic Term Deposit

Based on the Mudarabah principle, the Islamic Term Deposit is a fully Shari'ah-compliant investment option.

Islamic Youth Account

A convenient Shari'ah compliant banking option for Islamic youth under the age of 18.

Islamic TargetSave

A monthly savings plan that will produce returns at the end of the calendar year, based on the Mudarabah pre-agreed profit-share principle.

Islamic Profit Share

Mudarabah products follow a very well defined process of profit calculation and distribution.

Islamic wills

Islamic Law requires that the estate of a Muslim should be distributed according to the Islamic Law of Succession, the detail of which can be found in the Qur’aan in Chapter four.

NewGold Exchange Traded Fund

A versatile, Shari’ah compliant investment product that offers personal control over an investment portfolio uniquely suited to investor’s needs.

Online Application
Complete a secure application form online

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Shari’ah Compliance

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