Islamic Banking

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Islamic Savings

A Shari'ah-compliant transactional 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

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 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