| Shari’ah Law, which governs the manner in which Muslim people conduct their lives, differs from conventional banking as it forbids the payment or earning of interest. In addition, Absa Islamic Banking uses Islamic deposits to mobilise its Islamic finance. As an alternative financial system to conventional banking, each of the solutions within Absa Islamic Banking is managed and administered according to Shari’ah Law under the guidance of the Absa Shari’ah Supervisory Board, which is made up of learned Muslim scholars. This independent board specialises in Fiqh Almua’malat (Islamic Commercial Jurisprudence), directs, approves, reviews, supervises and monitors of the Absa Islamic Bank to ensure Shari’ah compliance. | 
