Islamic Target Save
Disciplined savings account that offers profit-sharing with competitive profit share and is Shari’ah compliant.
Profit rates Apply now
Islamic Target Save
Disciplined savings account that offers profit-sharing with competitive profit share and is Shari’ah compliant.
Interest rates Apply now

More about Islamic Target Save 

  • Benefits

    • Profit share is paid out on the 25th of January every year if your account remains open and is in good standing
    • No limit on the amount you can deposit into your account
    • You are allowed four withdrawals per year with 32 days’ notice before you can access your funds
    • Two partial withdrawals and two full withdrawals.

  • What you need to know

    • A minimum monthly contribution of R100 must be made into the account
    • A constructive liquidation fee applies to all early redemptions
    • View terms and conditions
    • View rates and fees

  • What you need to apply

    Opening deposit of R100

    South African Citizens

    • Your South African ID
    • Proof of residence (not older than three months)

    Non-South African Citizens

    • Valid Passport
    • Proof of residence (not older than three months)
    • Work/Resident permit

  • Where to apply

Similar products

Islamic Term Deposit

Lock in your saving and earn profit share
Opening deposit
R1 000
Profit share up to
10.76%
Access to funds
Fixed
Tell me more Apply now

Islamic Dynamic Deposit

Lock in your savings with flexibility to your funds
Opening deposit
R1 000
Profit Share up to
10.89%
Access to funds
Up to 50%
Tell me more Apply now

All interest rates are expressed as a percentage per annum and are indicative. Rates subject to change

Need more help?

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

Contact us:

Call us on: 0860 111 515

Email us at saving@absa.co.za