Income earners who would like a Shari’ah approved fixed deposit account at competitive profit share returns can apply for our Islamic Term Deposit account. 

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Profit share

Additional profit share may be offered for large investments.

Safe investment

Safe and stable option of investment for all market segments.

Pre-agreed profit sharing

Prior insight into profit sharing ratios when you open this account.

Transfer funds

 Transfer funds from your account to other accounts in the same portfolio.

  • Features

    • Shari'ah-compliant.
    • No hidden costs or monthly fees.
    • For individuals or businesses.
    • Minimum initial deposit of R1 000. 
    • Investment periods from 8 days to 5 years.
    • Profit is receivable monthly, quarterly, half-yearly, annually or on maturity.
    • Early withdrawals attract an administration fee.
  • Benefits

    • Various investment accounts to choose from. 
    • Safe and stable investment. 
    • Profit share ratio pre-determined based on term and rand value of the deposit.
    • Profit share is paid at maturity or if early redemption is required.
    • Additional profit share may be offered for large investments.
    • Option to reinvest when your investment matures using Absa Online.
contact

Need more help?

Let one of our consultants assist you.

If you're an existing customer contact your Relationship Executive or your Enterprise Banker, or log on to Absa Online and click on the Save and Invest tab.

If you’re a new customer or you don’t bank with us, call us on:

0860 040 302/0800 227 592

Email us at:

islamicbanking@absa.co.za