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Islamic Target Save
Disciplined savings account that offers profit-sharing with competitive profit share and is Shari’ah compliant.
Profit rates Apply now
Islamic Target Save
Disciplined savings account that offers profit-sharing with competitive profit share and is Shari’ah compliant.
Profit rates Apply now
  1. Bank /
  2. Islamic banking /

More about Islamic Target Save 

Benefits

What you need to know

What you need to apply

Where to apply

  • Benefits

    • Earn a competitive monthly profit share
    • Earn even more with tiered profit share
    • Grow your savings by setting up a recurring payment of R250 or more
    • Earn additional profit rate with Absa Digital Bonus Rate if you open and maintain your account using Absa’s digital channels.
    • No Monthly management fee 

  • What you need to know

    • A minimum monthly contribution of R100 must be made into your account
    • This account is a disciplined savings product, and it will not allow a withdrawal within the first 6 months of account opening
    • You can make four withdrawals on this account by placing a 32 days’ notice
    • A constructive liquidation fee will be charged for all early withdrawals
    • View terms and conditions
    • View rates and fees

  • What you need to apply

    Opening deposit of R100

    South African Citizens

    • Your South African ID
    • Proof of residence (not older than three months)

    Non-South African Citizens

    • Valid Passport
    • Proof of residence (not older than three months)
    • Work/Resident permit

  • Where to apply

Similar products

Islamic Term Deposit

Lock in your saving and earn profit share
Opening deposit
R1 000
Profit share up to
10.70%
Access to funds
Fixed
Tell me more Apply now

Islamic Dynamic Deposit

Lock in your savings with flexibility to your funds
Opening deposit
R1 000
Profit Share up to
10.70%
Access to funds
Up to 50%
Tell me more Apply now

All interest rates are expressed as a percentage per annum and are indicative. Rates subject to change

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Need more help?

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

Contact us:

Call us on: 0860 111 515

Email us at saving@absa.co.za