Account

Minimum deposit
Term
Benefits/Features
 

Islamic Term Deposit Account

R1 000
8 days to 5 years
  • Available to individuals and businesses
  • Competitive profit share rates
  • Profit share paid at maturity
  • Option to reinvest when your investment matures using Absa Online.
  • No deposit or admin fee

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Islamic Dynamic Deposit Account

R1 000
8 days to 5 years
  • Available to individuals and businesses
  • Competitive profit share rates
  • Profit share paid out monthly
  • Flexibility to choose your term
  • Flexibility to choose your capital that you want on demand
  • No deposit or admin fee
  • 24/7 access - having access to part of your funds 24/7 by using online banking

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Term investments Notice deposits

  • How to send money

    1. Dial *120*2272#, and enter your 5-digit PIN
    2. Select 5 to proceed
      Tap Send
    3. Select 2 to send to a new beneficiary
      Tap Send
    4. Enter the recipient’s cellphone number
      Tap Send
    5. Enter the recipient’s name
      Tap Send
    6. Select the account you wish to debit
      Tap Send
    7. Enter the amount you wish to send
      Tap Send
    8. Enter the 6-digit code that the recipient will use to get the fund from an Absa ATM
      Tap Send
    9.  Confirm the transaction by selecting 1
      Tap Send
    10. Send the access code and amount of money sent to the recipient

     

    Note: The CashSend limit for Cellphone Banking is a minimum of R20 and a maximum of R500 per day.

     

Need more help?

Let one of our consultants assist you.

If you're an existing customer contact your Relationship Executive or your Enterprise Banker, or log on to Absa Online and click on the Save and Invest tab.

If you’re a new customer or you don’t bank with us, call us on:

0800 227 592

Email us at:

islamicbanking@absa.co.za