Choose Shari’ah-compliant banking aligned to your values

Islamic Banking benefits

Expert guidance

Our Shari’ah Supervisory Committee, ensures that every product and service aligns with Islamic principles.

Secure & ethical

Enjoy peace of mind, knowing your finances are managed with integrity and faith-based banking.

Inclusive

Islamic Banking is open to everyone, regardless of religious background.

What you need to know

Absa Islamic Banking
Absa Islamic Banking has not only developed Shari’ah-compliant products but it has adopted an end to end Shari’ah process.

All our products and processes are approved and certified by the Absa Islamic Banking’s independent Shari’ah Supervisory Committee, which comprises of respected scholars in the field of Islamic banking, namely:

Mufti Ashraf Qureishi

Dr Yunoos Osman

Dr Aznan bin Hasan

Mufti Ahmed Suliman
Our values
We believe that banking should be built on trust, fairness, and ethical values because what matters to you, matters to us. As a leading Islamic bank, we provide Shari’ah compliant financial solutions that cater to individuals, businesses, and investors regardless of their religious background.

What We Stand For:

Ethical and transparent finance: We follow Islamic finance principles, ensuring that all our products are free from interest (riba), speculation (gharar), and unethical investments.

Fair and inclusive banking: Our financial solutions are open to everyone, offering risk-sharing and profit-based alternatives to conventional banking.

Innovative and customer-centric: We provide modern, flexible banking services, including transactional Cheque and Savings Accounts, Investments, and Business Solutions, all designed to help our customers grow their wealth in a responsible and sustainable way.

A commitment to community and growth: We believe in giving back, supporting financial inclusion, economic development, and ethical investment that benefits society.

Sustainable and responsible investing: Your money supports industries that align with ethical and sustainable values.

Inclusive for all: Whether you’re Muslim or not, our banking model provides a responsible and alternative way to manage finances.

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More about Shari'ah-compliant banking

How can a conventional bank offer Islamic banking services?

A conventional bank can offer Islamic banking services by ensuring that its Shari’ah-compliant products operate independently from its conventional banking activities. These services must adhere strictly to Islamic financial principles and are subject to oversight by qualified Shari’ah scholars. Islamic law does not require the institution itself to be fully Islamic, rather it mandates that each product or service meets Shari’ah requirements.

To maintain compliance, banks establish dedicated Islamic banking divisions, approved financial structures, and undergo regular Shari’ah audits to ensure the integrity of their offerings.
How can Absa Islamic banking and its products be considered Islamic?

Absa Islamic Banking goes beyond simply offering Shari’ah-compliant products, it has implemented a comprehensive, end-to-end Shari’ah governance framework. Every product and its underlying processes are meticulously structured to align with Islamic financial principles and are reviewed and certified by the Absa Islamic Banking Independent Shari’ah Supervisory Committee.

This committee, composed of renowned scholars in the field of Islamic finance, ensures that our offerings maintain the highest standards of Shari’ah compliance, giving our customers confidence in the integrity of our services
Our governance

We believe in complete transparency. Every Islamic banking product we offer is reviewed, certified, and monitored by our Shari’ah Supervisory Committee. Your trust matters, and we uphold it through rigorous governance.

Our governance structures include regular audits and compliance checks to ensure that all transactions and investments remain ethical and within Shari’ah guidelines.
Our Shari’ah Supervisory Committee members.
Our Shari’ah Supervisory Committee consists of renowned Islamic scholars and financial experts who oversee all aspects of our Islamic banking operations.

Dr Aznan bin Hasan

Mufti Ashraf Qureishi

Dr Yunoos Osman

Mufti Ahmed Suliman
Are the Islamic products for Muslims only?

No, Islamic banking is not exclusive to Muslims. It is founded on Shari’ah principles that prohibit interest (riba) and emphasise ethical, risk-sharing financial practices. It is open to individuals of all backgrounds, many of whom choose Islamic banking for its strong ethical foundation, transparent profit-sharing models, and commitment to responsible investments.

Islamic banking also upholds social responsibility by avoiding investments in sectors such as gambling, alcohol, and speculative trading. Its emphasis on transparency ensures that customers fully understand how profits and risks are shared. This makes it particularly appealing to those who prioritise ethical finance, including advocates of green finance and impact investing, which align closely with Islamic financial principles.

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