Learn to understand your finances and save for your future as early as possible, by opening your Islamic Youth Account.
It’s an innovative combination of a transactional and savings account, freebies and discounted vouchers at your favourite eatery.
Open now
Islamic Youth Account features and benefits
Bank according to Shari’ah law, get value for your money and enjoy extra benefits.
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What you get
- No monthly account fee
- The following free transactions:
- First R500 cash deposited at an Absa ATM or Cash Acceptor
- Cash withdrawals at Absa ATMs
- Debit card purchases
- Tap-and-go debit card purchases
- Prepaid top-ups via Absa channels
- Stop orders and internal debit orders
- Electronic funds transfers
- eStatements.
Please note that some transactions will be charged at the standard pay-as-you-transact fee. For more information, refer to our Pricing Guide or visit your nearest Absa branch.
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Your extra benefits
- Transact using a chip debit card, which is smarter, faster and more convenient (learn more about debit card benefits).
Not the right choice for you? Try our Islamic Savings Account.
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Account features
- Direct access to your money
- Safe: no need to carry cash
- Withdraw cash from Absa ATMs worldwide and at selected retailers (including Pick n Pay, Shoprite and Checkers)
- Shari’ah-compliant
- Debit card accepted countrywide and worldwide where the Visa logo is displayed
- Convenient 24-hour self-service access through Absa Online, the Banking App and Telephone Banking
- 24/7 access to the largest ATM network in South Africa
- Transact internationally (at a cost) – however, you get an offshore transactional limit equal to the pre-determined value per calendar year, for clients under the age of 18, as prescribed by the SARB.
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What you need to open your account
Youths between the ages of 16 and 20 years
- Original birth certificate, valid bar-coded South African ID, temporary ID or valid passport with a valid visa for foreign nationals
- Proof of residence not older than three months (such as a utility bill or cellphone statement).
Minors under 16 years
- Original unabridged birth certificate (for abridged certificates, also include one of the listed documents*) or valid passport with a valid visa for foreign nationals
- Parent’s or guardian’s proof of residence not older than three months (such as a utility bill or cellphone statement)
- Parental/guardian’s consent to open and manage the account
- Parent’s or guardian’s original bar-coded ID, temporary ID or valid passport with a visa for foreign nationals.
*Children raised by a grandparent/guardian/relative and abridged birth certificate holders
- Proof of legal guardianship; or
- A dated letter from:
- An Islamic authority or municipal official of the area confirming guardianship of the child;
- The school the minor attends confirming the unofficial guardian or single parent; or
- The hospital confirming they have record of a single mother giving birth to said minor.
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How to apply
Terms and conditions apply.
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
