Islamic Private banking
Recommended income
R62 500 pm
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Benefits

 

Easy access to credit


100% discount on Spousal Accounts

No monthly account fee if your spouse takes up an account.

Earn attractive interest rates


Absa Rewards

At no additional cost monthly just real cash back.

Lump sum death benefit included


Airport Lounge Access

Get access to local and international airport lounges.

Lump sum death benefit included


Islamic Savings Boosters

Earn annual profit share with up to 10 Savings Boosters.

Lump sum death benefit included


Your own personal concierge service

Get assistance for all your personal needs while you enjoy your me time.

What you need to know

  • General banking benefits

    • No monthly subscription fee for Internet Banking, Cellphone Banking, Telephone Banking and the Absa Banking App.
    • Free NotifyMe, which provides timely alerts of any transactional activities on your account, delivered via SMS, email or the Banking App.
    • Free monthly electronic statements and electronic balance enquiries.
    • Unlimited electronic transfers between your linked Absa accounts.
    • Unlimited Absa ATM cash deposits and withdrawals.
    • Unlimited cash withdrawals at other banks’ ATMs.
    • Unlimited debit card purchases and withdrawals.
    • Unlimited internal and external debit and stop orders.
    • Unlimited linked-account fund transfers via digital channels.
    • Unlimited balance and statement enquiries via digital channels
    • Easy beneficiary payments and purchases of prepaid electricity and airtime and more using the Banking App.

  • More benefits

    • 100% discount for your spouse on the Ultimate Private Account monthly fee.
    • No additional fees for Absa Rewards, which will be offered to you during the application process.
    • Islamic Savings Boosters are pockets that allow you to separate your money to save for various goals.
    • Access to your own personal concierge service through Absa Travel & Lifestyle.
    • Visa Signature Credit Card included in monthly account fee*.
    • Access to Bidvest Premier Airport Lounges (Primary cardholder - 24 (twenty-four) visits per year, plus an additional 2 (two) guest entries per year)**
    •  International lounge access via Visa Airport Companion and DragonPass (cardholders get 6 (six) complimentary visits per year (each including 1 [one] guest) when travelling abroad).
    • Automatic travel insurance underwritten by Chubb Insurance South Africa Limited.
    • Extended Warranty.
    •  Buyer Protection.
    • Rental Car Collision Damage Waiver.
    • Visa offers and promotions at home and abroad.
    • eSIM, Spa and Fast Track benefits.
    • Digital Fraud Warranty that is designed to ensure that you’re not out of pocket if you fall victim to certain forms of digital fraud.
       

    * The Visa Signature Credit Card is not Shari’ah compliant. The Shari’ah Supervisory Committee has advised that the usage of a credit card will be permissible, provided that the cardholder settles the outstanding balance on the credit card within the 57-day interest-free period. You should therefore ensure that you are able to repay the outstanding amount before its due date, so that you do not end up paying any interest.
    **Terms & Conditions apply



     

  • What it costs

    • Ultimate Private Islamic Account – R 500 per month
    • Ultimate Private Islamic Spousal Account –100% discount on monthly account fee
    • Ultimate Private Islamic Account for Young Professionals – R 300 per month

  • What you need to apply

    • Your bar-coded identity book or smart identity card
    • One document verifying your residential address (an original or a certified copy), which is not older than 3 (three) months, for example:
      • Utility bill
      • Lease or rental agreement
      • Cellphone or clothing store statement
      • Bank statement from another bank
      • Correspondence from the South African Revenue Service (SARS).
      • Proof of income, for example:
      • Your 3 latest payslips
      • Your 3 latest bank statements
      • Employment contract (if you are newly employed and haven’t received a salary payment yet)
      • Proof of rental income.

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.

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islamic banking 20yrs

What are you looking for?

Islamic Youth

Islamic Youth account
Monthly fee
R0
Opening deposit
R10
Kickstart your financial journey and save for your future today.
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Islamic Premium Banking

Islamic Premium Banking
Monthly fee
R240
Recommended income
R25 000 pm
Get 50% off your spouse’s Premium Banking monthly fee and a FREE Islamic Will to secure your family’s future.
Tell me more Apply now

Need more help?

Let one of our consultants help you with your Islamic banking enquiries.

Call us on: 0860 000 786

Email us at: islamicbanking@absa.co.za 

Visit your nearest branch