Islamic Dynamic deposit is a fixed term, single deposit product that pays out a profit share for the duration of the investment.
It gives you the flexibility of choosing a term you prefer (8 days to 60 months), as well as a percentage of the investment available to you on demand (0%, 10%, 20%, 30%, 40% or 50%). If you choose the 0% access option, you can have your profit share paid out to you monthly. Better still, you may earn additional profit share if you do not access the funds from the immediate access portion of the investment.
How to get it
- Visit your nearest branch or call 0860 000 786
When applying, you will need the following:
- Your ID
- Proof of residence (not older than 3 months)
- For individuals or businesses
- Competitive profit share rates
- Flexible terms – investment periods are from 8 days to 60 months
- Choice regarding the percentage of your investment to have available on demand
- No admin fees
- If you are 55 years or older, you may earn an additional 0.50% profit share on deposits of up to R100 000 for 12 months or longer
- Capital is not guaranteed