Islamic Banking

Islamic banking is consistent with the principles of Shari’ah law. Shari’ah prohibits the fixed or floating interest that banks usually pay to account holders with a positive balance and that people pay when taking a standard loan or financing from a banking institution. Islamic banking is growing in popularity as more Muslim’s require a banking solution that is in line with their religious beliefs. Islamic accounts pay “profit-sharing” instead of interest and Islamic financing has a fixed set of fees that are known at the outset as opposed to the typical interest that is re-paid on a loan.

Please select which of the following Islamic Banking Products you are interested in:

If you require Islamic Finance for any vehicle or movable asset please visit Absa or FNB to find out more.

Make your Islamic banking choices based on facts;