ultimate Islamic Banking
Monthly fee

Bank according to your values with Ultimate Islamic 

Shari'ah Compliant

Shari'ah Compliant

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

Earn attractive profit share


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.

What you need to know

  • What you get

    • Get 100% discount on spouse banking fees
    • Monthly fee discount for maintaining a positive balance
    • FREE Absa Rewards
    • 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
    • R40 return debit order fees
    • Earn up to R1 650 cash back with FREE 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

    *This item is not certified as Shari’ah compliant.

  • Qualifying criteria

    You must:

    • Be 18 years or older
    • If your spouse has an Ultimate Islamic Banking account, you may qualify for a Spousal Account at a discounted monthly fee
    • Not be insolvent or under debt counselling, debt intervention or under curatorship 
    • Give consent to do a Credit Bureau check

    • Be South African citizen or resident with a valid South African identity document
    • Have proof of residence
    • Present latest payslip.


  • 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:

    o Utility bill

    o Lease or rental agreement

    o Cellphone or clothing store statement

    o Bank statement from another bank

    o 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

Rewards is even hotter in 2024!

Still no monthly membership fees, no points - just real cash back.

Tell me more

You might be interested in
Ultimate Islamic Plus
Gold Credit Card
Monthly fee
Get superior Shari'ah-compliant banking services, perks and even more benefits.
Need more help?

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

Contact us

Call us on : 0860 AFRICA (237 422)

Email us at:  ultimatebanking@absa.co.za

Visit your nearest branch

For lost and stolen cards (24/7)

Call us on: 0800 111 155 | Absa App