ultimate Islamic Banking
Monthly fee
R98
Open now

Key Benefits of our Shari'ah-Compliant Account

Shari'ah Compliant

Shari’ah-Compliant Banking

Our rigorous Shari’ah governance processes ensure adherence to Islamic financing principles.

 

Earn attractive profit share

Save

Earn attractive profit share when you save for short-term goals with our Islamic Savings Booster.

Get Cashback in your pocket every time you swipe

Absa Rewards

Get Cashback in your pocket every time you swipe with Absa Rewards. Use your Banking App to track and redeem your rewards

What you need to know

  • What you get:

    • Get 100% discount on spouse banking fees
    • Monthly fee discount for maintaining a positive balance
    • R100 000 Death Benefit cover worth R160 per month at no extra cost to you*
    • Includes a free credit card with up to 57 days interest free*
    • Complimentary access to Bidvest Premier local and international airport departure lounges on your Ultimate debit and credit card*
    • Automatic Basic Travel Insurance of R1.5 million on both your Ultimate Islamic debit and credit card*
    • R3 000 free Absa ATM withdrawals and Absa ATM cash deposits
    • Earn up to R1 650 cash back with Absa Rewards
    • Ultimate Islamic banking includes unlimited free transactions on:
      • Debit card purchases and withdrawals
      • Digital account and beneficiary payments
      • Internal and external debit and stop orders
      • Digital linked-account fund transfers
      • Digital balance and statement enquiries
      • SMS, email and in-app notifications
      • Emailed statements

     

    *Interest, credit facility and initiation fees apply. 

  • Qualifying Criteria:

    You must:

     

    • Be 18 years or older;
    • Not have signed surety for a company that is currently under business rescue;
    • Be a South African Citizen

     

    If your spouse has an Ultimate Banking account, you may qualify for a Spousal account at a discounted monthly fee.

  • Documents Needed:

    Bar-coded ID book or card
    Proof of income
    Any one of the following documents* (original or certified copies) verifying your residential address:
     
    • Utility bill
    • Lease or rental agreement
    • Cellphone or clothing store statement
    • Bank statement from another bank
    • Correspondence from SARS.
     
    *Must not be more than 3 months old.

  • Terms and Conditions:

    Terms and conditions apply to benefits

    Download your Pricing Guide

    Please note you can open your Ultimate Islamic Banking account at any Absa branch

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Need more help?

Let one of our bank consultants help you get the best account for your needs.

Contact us

Call us on : 0860 237 422

Email us at:  ultimatebanking@absa.co.za


For lost and stolen cards (24/7)
Call us on: 0800 111 155 | Absa App