Get unique benefits
Get unique benefits such as 100% financing and tax benefits.
Choose your own rate
You can choose between a fixed or variable interest rate options.
Flexible repayment terms
Our flexible repayment options allow you to reduce your monthly rental fee when you need extra cash.
Flexible payment options
We can adjust your repayment amounts upfront using bullet or balloon payments.
How it works
- Our Islamic banking solutions are managed and administered according to Shari’ah law
- The Absa Shari’ah Supervisory Board, an independent board comprised of learned Muslim scholars, specialises in Fiqh Almua’malat (Islamic Commercial Jurisprudence)
- This board directs, approves, reviews, supervises and monitors our Islamic banking activities to ensure Shari’ah compliance
- Using the concept of Ijaarah, which is similar to leasing, you have access to a movable asset for a fixed period and price
- Islamic finance is available online, via branches, Absa approved dealerships or the Contact Centre
- We also offer the following finance options:
- Sale and Leaseback finance
- Specialised finance: Marine and Aviation
- Sale and Leaseback finance
What you get
- Shari'ah compliant finance for vehicle or other movable assets
- Unique benefits such as 100% financing and tax benefits
- You can choose between a Fixed or a Variable Rate option
- Flexible payment options allow you to reduce your monthly rental fee when you need extra cash based on agreement
- At the end of the lease period, you get ownership of the asset at the contractual value
- Payment amounts can be adjusted upfront using bullet or balloon payments
