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Exclusive Banking

 

Islamic Savings


A Shari’ah-compliant savings account that provides you with a pre-agreed profit-share ratio in the event a profit is earned and a card that you can use to access your funds at any time

What are the advantages?

  • Shari'ah compliant
  • Immediate access to your investment with no minimum or maximum investment period
  • You are able to conduct all types of electronic payments and transfer transactions, and you can access your funds via ATM’s or Absa branches
  • If you have R10 000 or more in your account, certain transaction fees will be waived
  • Statements on request
  • The ability to make third party payments
  • An annual profit share calculated at Absa’s financial year–end (31 December) and paid into your account on 25 January of the following year

How to qualify:

  • A minimum initial deposit of R50 to open the account, and a minimum balance of R50 must be maintained
  • Proof of residence
  • Valid ID


Online Application
Complete a secure application form online



Contact Islamic Banking
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