Islamic Private Client Accounts

ABSA and FNB are the two banks that offer exclusive Islamic banking in South Africa and are Shari’ah complaint. These private banking accounts are for those that earn a high income and are wealthy individuals. These Islamic finance accounts offer transactional banking as well as other finance benefits.

Private banking is also used for Islamic business finance as well as individuals.

Islamic ABSA Private Client Accounts

The Islamic finance account from Absa is called the ABSA Private Banking Marhaba Package and has a monthly fee of R270. To qualify for this account you will need to earn at least R750 000 per year.

The ABSA Islamic banking in South Africa option will provide you with free swiping and subscription to online, cell phone and telephone banking. It also offers you unlimited debit orders as well as electronic transfers and payments.

It is free to withdraw money from your private banking account when you use an ABSA ATM. The fee charged when you use a different banks ATM is R9.95 plus 1.15% of the withdrawal amount

You can also opt for a petrol card that will be an extra R11 per month.

With Islamic banking in South Africa you will have access to an Islamic private banker and free subscription to ABSA rewards.

If your spouse is an account holder as well then they can receive a 50% discount on their monthly fee.

Islamic FNB Private Client Accounts

With the FNB Private Clients you will pay a R229 fee each month, but if your balance is kept above R100 000 then you will not need to pay this fee. To qualify for the FNB Islamic finance for private clients you will need to earn an income of R1.1 million each year or have assets that equate to R3 million.

With the FNB Private Clients accounts you will be able to subscribe to online, cell phone and telephone banking for free.

You can swipe as much as you like for purchases and every single swipe is free. You will also receive unlimited debit orders, electronic transfers, electronic payments and SMS payment notifications when the transaction is over R100.

It is free to withdraw money when you draw from an FNB ATM, a till as well as from another banks ATM. if you lose your card you will not have to pay a fee to have it replaced.

You are charged an extra R13.50 when you choose to have a petrol card.

Access to an Islamic private banker is granted when you are the holder of an Islamic private bank account. With the FNB eBucks Rewards you will receive 15% back on airtime and fuel purchases. You will also receive a free savings pocket, access to slow lounges and discounts on monthly ADSL data through FNB connect.

With Islamic finance through these two banks you are able to access many benefits as well as pay for all your expenses and save.

Islamic business finance individuals can also use these accounts for all their Islamic banking needs in South Africa.

Reviews

ABSA -

03-06-2019

FNB -

30-05-2019

FNB -

Forex

Lianagainsford 21-10-2017

FNB -

Lianagainsford 21-10-2017

ABSA -

11-10-2017

NEDBANK -

2017 30-08-2017

ABSA - online banking

can some one tell me if you can open an account online if you not SA citizen and you live offshore?

ronaldndenda 30-08-2017

ABSA -

ronaldndenda 30-08-2017

ABSA - Student loan

Can i be please granted with a student loan i need to further my studies next year.

Moshiliabne 21-08-2017

FNB - Credit Card Fraud on a card i hadn't received yet

I upgraded my credit card and fraud happened on the card that was still with the couriers and they had linked my cheque card to that card as well and transactions were done also from the cheque account. My question was who linked my cheque card to a credit card that i hadn't received yet and i was given lousy excuses, no apology from the bank what so ever. I then decided to closed both my cheque account and credit card and I want nothing to do with the bank anymore. They might have the best self service channels but their contact centre sucks. bad service, consultant drop calls and are very rude. I wonder if tehy listen to their calls or if they have Quality Assurance. But hey i'm happy with the bank i choose after them. They treat me like i'm their only customer.

18-08-2017

CAPITEC BANK -

Kati 02-08-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

Standard Bank -

27-07-2017

Standard Bank -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

Select Bank For Review