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Islamic Banking
Islamic Term Deposit

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

This Shari'ah-compliant fixed deposit account offers a competitive return that will vary according to the investment period that you select (30 days to 5 years). The Islamic Term Deposit renders a profit share on a minimum opening deposit of R1 000 and with no hidden costs or monthly fees, it is an affordable investment product.

Why do I need Islamic Term Deposit?

  • Fully Shari'ah-compliant
  • No hidden costs or monthly fees
  • Pensioners qualify for an additional profit share for a balance between R50 000 and R200 000 if kept for 365 days

What’s in it for me?

  • For individuals or businesses
  • Minimum deposit of R1 000 to open the account
  • Investment periods from 30 days to 5 years
  • No deposit and admin fees
  • Early withdrawals attract an administration fee

What do Islamic Term Deposit benefits include?

  • Additional profit share may be offered for large investments
  • Pensioners with balances over R50 000 and under R200 000 invested for 365 days and longer qualify for additional profit share
  • You can have many Islamic Term Deposit accounts – you could open one each month in order to receive a monthly profit share payment
  • When the investment matures, you can reinvest the Islamic Term Deposit using Absa Online
Speak to Absa about your needs
Visit an Absa Branch or call
0860 000 786
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Online Application
Complete a secure application form online



Online Application
Complete a secure application form online



Contact Islamic Banking
Contact Islamic Banking
Shari’ah Compliance
Islamic Term Deposit
                           


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