Shari'ah fixed deposit investment account

Save a lump sum for a fixed term in a Shari’ah compliant investment account.

^R 2 000

opening deposit

At maturity

Access to Funds

9.05%

indicative profit rate up to

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Some of the benefits

Once-off deposit

 Make a single deposit and share in the resulting profit

Short or long term

Choose your investment period, from 33 days to five years

Partnership

Mudharaba profit-sharing model splits the gain on a 50/50 basis

Shari’ah Fixed Deposit investment account indicative profit rates

View the indicative profit earned per account balance band

Shari’ah Banking

Weightages
The Shari’ah Fixed Deposit works on a system of weightage. This simply means, the longer you invest the higher your return, the shorter you invest, the lower your return. The weightages attached to your account is as follows:

Weightage Term	Weightage rate
33 days to under 3 months	0.803
3 months to under 6 months	0.830
6 month to under 12 months	0.904
12 months to under 18 months	0.977
18 months to under 24 months	1.008
24 months to under 36 months	1.047
36 months to under 48 months	1.118
48 months to 60 months	1.212

Profit Term	Indicative Profit Rate
33 days to under 3 months	6.00%
3 months to under 6 months	6.20%
6 month to under 12 months	6.75%
12 months to under 18 months	7.30%
18 months to under 24 months	7.53%
24 months to under 36 months	7.82%
36 months to under 48 months	8.35%
48 months to 60 months	9.05%

*Please note that the weightage rate and profit sharing rate has already been included in the indicative profit rates displayed above.

What you get

A Shari’ah-compliant savings product
33 days to 5 years to invest
Link your bank card for access in-app, online, at ATMs or your phone

See Shari’ah Fixed Deposit T&Cs
See general T&Cs

How it works

Weightage means the longer you invest the higher your return
Profit is calculated using the average daily balance
Profit is paid only at maturity

What it costs

No monthly fees
Early withdrawal fees apply

How to get it

Email us

What you’ll need

ID copy (or passport if not an SA citizen)*
Proof of residence not older than 3 months

_{*If you’re a minor, you’ll need the consent of your parent or guardian}

What you get
How it works
What it costs
How to get it

A Shari’ah-compliant savings product
33 days to 5 years to invest
Link your bank card for access in-app, online, at ATMs or your phone

See Shari’ah Fixed Deposit T&Cs
See general T&Cs

Weightage means the longer you invest the higher your return
Profit is calculated using the average daily balance
Profit is paid only at maturity

No monthly fees
Early withdrawal fees apply

Email us

What you’ll need

ID copy (or passport if not an SA citizen)*
Proof of residence not older than 3 months

_{*If you’re a minor, you’ll need the consent of your parent or guardian}

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