The Islamic Depositor Plus Account is shari’ah compliant and yields a monthly profit. Our rates are tiered, meaning you get more profit share on higher balances. 

Profit sharing ratios
Profit share

Earn more profit share when you save more.

Mudarabah products
Save more

Deposit whenever you like or set up a stop order.

Mudarabah products
Monthly payout

Earn a monthly profit share with an additional profit for opening and managing your account digitally.


What you need to know about Islamic Depositor Plus  

  • Features

    • A fully Shari’ah compliant Investment account
    • R100 minimum deposit to open your account
    • Earn monthly profit share when you maintain a minimum balance of R100
    • Benefit from Absa Digital Bonus Rate when you open and manage your account digitally
    • Make additional deposits whenever you need to
    • Get immediate access to your funds whenever you need them
  • What you need to apply

    South African citizens

    • ID Smart Card or ID book
    • Proof of residence (not older than three months)
    • A minimum initial deposit of R100

    Non-South African citizens

    • Valid Passport
    • Proof of residence (not older than three months)
    • A minimum initial deposit of R100 
    • Work/Resident permit
  • How to apply

    • On your Absa Banking App
    • Visit your nearest branch
    • Call the Savings & Investments Line on 0860 111 515
    • Contact your Private Banker

     

    Apply now


Indicative Profit rates for Islamic Depositor Plus.

Islamic Depositor Plus provides a rate from R100 and above.

Balance tier Depositor Plus Standard Rate Digital Bonus Rate Total Rate
R100 – R9 999 6.50% 0.25% 6.75%
R10 000 – R14 999 6.60% 0.25% 6.85%
R15 000 – R24 999 6.70% 0.25% 6.95%
R25 000 – R74 999 7.45% 0.25% 7.70%
R75 000 – R99 999 7.55% 0.25% 7.80%
R100 000 – R249 999 7.60% 0.25% 7.85%
R250 000 – R999 999 7.75% 0.25% 8.00%
R1 000 000 – R9 999 999 7.80% 0.25% 8.05%
R10 000 000 - R24 999 999 8.20% 0.25% 8.45%
R25 000 000 + 8.35% 0.25% 8.60%

Last reviewed on 20 September 2024

All Profit is indicative and is expressed as a percentage per annum. Indicative rates are subject to change.

 

Need more help?

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

Call us on 0860 11 15 15

Email us at saving@absa.co.za

Visit your nearest branch