This is a Shari’ah compliant product based on a Qardh structure, offering a full banking Gold transactional account with a Value Bundle pricing option.

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Get started with a Shari’ah-compliant account

Shari'ah compliant
Retrenchment & Disability Benefit

Retrenchment and Disability Cover included

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Direct access
Direct access

Your debit card can be used to withdraw money worldwide - you don’t need to carry cash.

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Shari'ah compliant

Transfer cash, make payments and be confident that all of the services are Shari'ah compliant.

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Get Rewards

Earn cash Rewards on all qualifying transactions every time you swipe your debit card.

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Islamic Death Benefit

Islamic death benefit to the value of
R20 000.

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Premium branch service
Retrenchment & Disability Benefit

 Retrenchment and Disability Cover included

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How to get it and what you can expect:

  • To open an Islamic Gold Value Bundle you will need

    • To earn a gross income of R4 000 or more per month
    • A valid, bar-coded South African identity document or valid passport
    • Proof of residence
    • Proof of income (salary advice) or latest three months’ bank statements
  • Choose a value bundle that offers you a full service cheque account

    Included with your account:
    • Monthly subscription fees for Absa Online, telephone and cellphone banking
    • Monthly eStatements
    • Unlimited electronic transfers between your linked accounts and internal payments
    • Unlimited internal debit orders
    • Unlimited stop orders
    • Absa ATM cash withdrawal - up to the total value of R4 500
      Absa ATM cash deposit - up to the total value of R4 500
    • Unlimited card swipes at point-of-sale
    • Unlimited cash withdrawals at point-of-sale
    • Unlimited electronic payments
    • Unlimited NotifyMe, where we immediately alert you to activities on your account via SMS or email
    • Any unused transactions included in the bundle, will rollover for one month
    • Islamic death benefit to the value of R20 000
    • Get retrenchment and disability benefit when you need it the most

    You also have a choice of choosing an Islamic Gold Pay-as-you-Transact. This account is at a low monthly fee, giving you control of only paying for transactions you perform. Pay-as-you-transact fee for each transaction is applied.    

  • How to use an Islamic account to transact

    • Get a card that can be used for transactions at an ATM and point-of-sale (POS)
    • You get a debit chip card with a unique PIN (Personal Identification Number) for added security
    • Shop securely with One-Time PIN transaction verification
    • Use your debit card to check your balance and statement, withdraw, deposit and transfer money at ATMs
    • Visit absa.co.za and register for Absa Online:
      • Instantly set limits to pay beneficiaries
      • Reset a locked or forgotten online password
      • Retrieve your debit PIN online
      • Make immediate interbank payments online
    • You can change your PIN at any Absa ATM or Absa branch
    • Add Absa Rewards and you’ll earn Cash back on all qualifying transactions every time you swipe your debit card
    • Cheque and debit card which can be used worldwide
    • Convenient 24-hour self-service access through Absa Online, mobile banking app and telephone banking
    • Your account number stays the same even if you upgrade your account or transfer to another branch

Need more help?

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

Call us on:

0860 000 786

Email us at:

islamicbanking@absa.co.za

Visit your nearest branch