Discover our Islamic Savings account: the perfect blend of affordability and convenience.
This low-cost account is designed with you in mind, so you can enjoy full-service banking and
only pay for the transactions you make. The account is based on the Qard principle, ensuring
that you are able to bank in line with your values.

Apply now

Absa Flexi account card
Shari'ah compliant
Shari'ah compliant

Transfer cash, make payments and be confident that all of the services are Shari'ah compliant.

No monthly charges
Convenience

Access your savings account via online or the banking app at any time.

How to open your Islamic Savings Account

  • To open an Islamic Savings account you will need

    • A minimum deposit of R50
    • To maintain a minimum balance of R50
    • A valid bar-coded South African ID or a valid passport for foreign nationals
    • Proof of residence

  • Account features

    • Shari'ah compliant
    • You are able to conduct all types of electronic payments and transfer transactions, and you can access your funds via ATMs or Absa branches
    • Get your statements on request
    • The ability to make third party payments
    • Convenient 24-hour self-service access through Absa Online, mobile banking app and telephone banking
    • View our terms and conditions

  • How to use an Islamic Savings account to transact

    • Get a card that can be used for transactions at an ATM and point-of-sale (POS)
    • You get an Islamic Cheque Absa debit chip card with a unique PIN (Personal Identification Number) for added security
    • Shop securely with One-Time PIN transaction verification
    • Use your debit card to check your balance and statement, withdraw, deposit and transfer money at ATMs
    • Visit absa.co.za and register for Absa Online:
      • Instantly set limits to pay beneficiaries
      • Reset a locked or forgotten online password
      • Retrieve your debit PIN online
      • Make immediate interbank payments online
    • You can change your PIN at any Absa ATM or Absa branch
    • Add Absa Rewards and you’ll earn cash rewards on all qualifying transactions every time you swipe your debit card
    • A debit card which can be used worldwide
    • Your account number stays the same even if you upgrade your account or transfer to another bra

     

     

     

     

     

     

     

Compare accounts   Apply now

Need more help?

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

Call us on:

0860 000 786

Email us at:

islamicbanking@absa.co.za 

Visit your nearest branch