With our savings account, we will help you build your banking profile and prepare you for the next stage of your life. This card is ideal if you want to save based on the Mudarabah pre-agreed profit-share principle.

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Shari'ah compliant
Shari'ah compliant

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

Annual Profit Share
Annual Profit Share

Get annual profit share paid into your account every year.

No monthly charges
No monthly charges

Get an Islamic Youth account to suit your everyday needs and pay no monthly charges.

Investment access
Investment access 

Immediate access to your investment with no minimum or maximum investment period.

Islamic Banking

Benefits and how to get it

To open an Islamic Savings you will need: 
  • A minimum deposit of R50
  • To maintain a minimum balance of R50
  • A valid, bar-coded South African identity document or valid passport
  • Proof of residence
Account features
  • Shari'ah compliant
  • Immediate access to your investment with no minimum or maximum investment period
  • You are able to conduct all types of electronic payments and transfer transactions, and you can access your funds via ATMs or Absa branches
  • If you have R10 000 or more in your account, certain transaction fees will be waived
  • Get your statements on request
  • The ability to make third party payments
  • An annual profit share calculated at Absa’s financial year–end (31 December) and paid into your account on 25 January of the following year
  • Convenient 24-hour self-service access through Absa Online, Cellphone Banking and Telephone Banking
How to use an Islamic Savings account to transact
  • Get a card that can be used for transactions at an ATM and point-of-sale (POS)
  • You get a Islamic Cheque Absa 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 rewards on all qualifying transactions every time you swipe your debit card
  • Cheque and debit card which can be used worldwide
  • 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

E-mail us at:


Visit your nearest branch