The more you save, the more you earn

Based on the Mudarabah principle, the Islamic Term Deposit is a fully Shari'ah-compliant investment option.

This Shari'ah-compliant fixed deposit account offers a competitive return that will vary according to the investment period that you select (30 days to 5 years). The Islamic Term Deposit renders a profit share on a minimum opening deposit of R1 000 and with no hidden costs or monthly fees, it is an affordable investment product.

Profit share
Profit share

Additional profit share may be offered for large investments.

Investment maturity
Investment maturity

You can reinvest the Islamic Term Deposit using Absa Online.

No monthly fees
No monthly fees

All you pay for are your transactions.

Benefits and how to get it

Applying for an Islamic Term Deposit account

If you are an existing Absa customer, you can apply for an Islamic Term Deposit account online using Absa Online. If you are not an Absa customer, registering to become one is quick and easy.

When applying, you will need the following:

  • Your ID
  • Proof of residence (not older than 3 months)
Features of an Islamic Term Deposit account
  • For individuals or businesses
  • Investment periods from 30 days up to 5 years
  • No deposit and admin fees

See our Profit Share

  • R 1 000 - R 9 999

    Islamic Term Deposits | Term
    PERCENTAGE
    0 - 31 Days 5.20%
    32 - 59 Days 5.70%
    60 - 89 Days 5.80%
    90 - 119 Days 6.00%
    120 - 149 Days 6.20%
    150 - 179 Days 6.20%
    180 - 209 Days 7.20%
    210 - 239 Days 7.30%
    240 - 269 Days 7.30%
    270 - 299 Days 7.30%
    300 - 329 Days 7.30%
    330 - 364 Days 7.30%
    365 - 394 Days 7.35%
    395 - 544 Days 7.50%
    545 - 577 Days 7.55%
    578 - 729 Days 7.55%
    730 - 759 Days 8.10%
    760 - 1 094 Days 8.10%
    1 095 - 1 124 Days 8.60%
    1 125 - 1 459 Days 8.60%
    1 460 - 1 825 Days 9.25%
    1 826 - 1 857 Days 9.30%
    Effective 24 June 2016
  • R 10 000 - R 100 000

    Islamic Term Deposits | Term
    PERCENTAGE
    0 - 31 Days 5.20%
    32 - 59 Days 5.70%
    60 - 89 Days 5.80%
    90 - 119 Days 6.00%
    120 - 149 Days 6.20%
    150 - 179 Days 6.20%
    180 - 209 Days 7.20%
    210 - 239 Days 7.30%
    240 - 269 Days 7.30%
    270 - 299 Days 7.30%
    300 - 329 Days 7.30%
    330 - 364 Days 7.30%
    365 - 394 Days 7.35%
    395 - 544 Days 7.50%
    545 - 577 Days 7.55%
    578 - 729 Days 7.55%
    730 - 759 Days 8.10%
    760 - 1 094 Days 8.10%
    1 095 - 1 124 Days 8.60%
    1 125 - 1 459 Days 8.60%
    1 460 - 1 825 Days 9.25%
    1 826 - 1 857 Days 9.30%
    Effective 24 June 2016
need help

Need more help?

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

Call us on:

0860 111 515

E-mail us at:

saving@absa.co.za

Visit your nearest branch