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Exclusive Banking

 

Islamic Cheque Account

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

Qualifying CriteriaMonthly income of R3 000
  • Valid ID
  • Proof of residence
Benefits
  • Compliant with Shari'ah Law
  • Access and manage your money 24/7
  • Do you want to be able to access and manage your money anytime, anywhere, while complying with Shari'ah Law? With an Islamic Cheque Account, you will be able to manage your everyday banking needs, from making withdrawals, deposits, transfers and payments to requesting balances and statements – confident that all of the services are Shari'ah compliant


If you’re looking for an interest free salary account, our Cheque Account is for you. Dependable, reliable and absolutely effortless. Trust us, it does not get any better with Absa Islamic Banking’s Cheque Account.

The Shari’ah-compliant Islamic Cheque, offers you affordable Silver, Gold or Platinum Value Bundles pricing options. Value Bundle pricing options offer you a selection of transactions free of charge

An Islamic Cheque Account also allows you to manage your money in a variety of convenient ways, including via the internet, your cellphone, an ATM, the telephone or your nearest Absa branch.

Not right for you? We also offer a Shari'ah compliant Islamic Savings Account.


What you get?
  • Cheque and debit card which can be used world wide
  • Convenient 24-hour self-service access through Absa Online, Cellphone Banking and Telephone Banking
  • Your account number stays the same even if you upgrade your account or transfer to another branch
Shari'ah Compliance

Shari'ah Law governs the manner in which Muslim people conduct their lives, including banking. Islamic Banking is deduced from the Shari'ah Law, hence it differs from conventional banking, and forbids the payment or earning of interest, among other requirements.

As an alternative financial system to conventional banking, each of the solutions within Absa Islamic Banking are managed and administered according to Shari’ah Law under the guidance of the Absa Shari’ah Supervisory Board – comprised of learned Muslim scholars.

This independent board specialises in Fiqh Almua’malat (Islamic Commercial Jurisprudence), directing, approving, reviewing, supervising and monitoring the activities of Absa Islamic Banking to ensure Shari'ah compliance.



Online Application
Complete a secure application form online



Contact Islamic Banking
What it Costs

Compare all our fees

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