Get guaranteed profit share on your Islamic Term Deposit
Profit rates Apply now
Get guaranteed profit share on your Islamic Term Deposit
Get peace of mind that your investment is safe. Plus, get zero monthly fees and additional profit share for larger deposits.
Profit rates Apply now

More about Islamic Term Deposit

  • Benefits

    • Your indicative profit rate is fixed for the entire term of your investment
    • Choose your own investment term ranging from 8 days to 60 months (5 years)
    • Earn additional profit rate with Absa’s Digital Bonus Rate if you open and maintain your account using your Absa Banking App or Absa Online
    • Your profit share can be paid on maturity, monthly, quarterly, annually or bi-annually
    • If you are 55 years or older, you receive an additional bonus rate
    • No monthly management fee.

  • What you need to know

  • What you need to apply

    Opening deposit of R1000

    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

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Islamic TargetSave

A disciplined savings account that offers profit-sharing
Opening deposit
R100
Profit share up to
Annual profit share
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Notice
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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