Absa Islamic Banking offers a variety of unique banking, saving and investment solutions that operates in strict compliance with Shar'iah Law.
Absa Islamic Banking is advised and guided by the independent Shar'iah Supervisory Board, a panel of experts in Shar'iah Law and its application in economics.
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 you are able to manage your personal 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 Shar'iah Law.
The Islamic Value Bundles are Sharia’h-compliant – offering you affordable Silver, Gold or Platinum pricing options
Everyday transactional account that offers a full range of banking solutions and services
Shari'ah compliant finance for the car or other movable asset you want to acquire
Insurance cover for your vehicle, household and business with useful additional benefits
Travellers cheques, foreign bank notes and cash passports which are Shari'ah compliant
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
A monthly savings account that will produce returns at the end of the calendar year, based on the Mudarabah pre-agreed profit-share principle.
A Shari'ah-compliant fixed deposit account that offers a range of returns over a selection of investment periods
A convenient Shari'ah compliant banking option for Islamic youth under the age of 18
Mudarabah products follow a very well defined process of profit calculation and distribution.