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

More about Islamic Target Save 

  • Benefits

    • Earn a competitive monthly profit share
    • Earn even more with tiered profit share
    • Grow your savings by setting up a recurring payment of R250 or more
    • Earn additional profit rate with Absa Digital Bonus Rate if you open and maintain your account using Absa’s digital channels.
    • No Monthly management fee 

  • What you need to know

    • A minimum monthly contribution of R100 must be made into your account
    • This account is a disciplined savings product, and it will not allow a withdrawal within the first 6 months of account opening
    • You can make four withdrawals on this account by placing a 32 days’ notice
    • A constructive liquidation fee will be charged for all early withdrawals
    • 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

Celebrating 20 years of shared values

For two decades, individuals and businesses have trusted Absa Islamic Banking for award‑winning Islamic finance solutions aligned to their values.

Tell me more

islamic banking 20yrs

Similar products

Islamic Term Deposit

Lock in your saving and earn profit share
Opening deposit
R1 000
Profit share up to
8.74%
Access to funds
Fixed
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Islamic Dynamic Deposit

Lock in your savings with flexibility to your funds
Opening deposit
R1 000
Profit Share up to
8.15%
Access to funds
Up to 50%
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All 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