Saving & Investing
Islamic Term Deposit
A Shari'ah-compliant fixed deposit account that offers a range of returns over a selection of investment periods
Based on the Mudarabah principle, the Islamic Term Deposit is a fully Shari'ah-compliant investment option. With a minimum opening deposit of R1 000 and variable terms (30 Days up to 5 years), this is an affordable investment product that offers competitive returns.
What are the advantages?
- Fully Shari'ah-compliant
- No hidden costs or monthly fees
- Pensioners will qualify for an additional profit share for a balance between R50 000 and R200 000 if kept for 365 days