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Read about the Islamic Dynamic Deposit account

Looking for a Shari’ah-compliant investment that gives you flexibility and great returns? The Islamic Dynamic Deposit from Absa might be your perfect match. With terms starting from just 8 days and the option to access up to 50% of your funds, this account puts you in control while still allowing your savings to grow.

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Islamic Dynamic Deposit

Last updated: June 6, 2025

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Bonus Rate

50%. If you are 55 years or older, you will receive an additional bonus rate/p>

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Access to funds

Choose to access up to 50% of your investment capital.Profit share can be paid monthly, quarterly, biannually, annually or on maturity

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Opening Deposit

Opening deposit of R1,000

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Monthly Fees

No monthly management fee.

Tax Implications

Although this account pays a profit share instead of interest, it is still considered income by SARS. That means:
• Profit earned is taxable and must be declared in your annual tax return.
• You may qualify for the annual R23,800 interest exemption if you’re under 65,

Read More

Read about the Islamic Dynamic Deposit account

Looking for a Shari’ah-compliant investment that gives you flexibility and great returns? The Islamic Dynamic Deposit from Absa might be your perfect match. With terms starting from just 8 days and the option to access up to 50% of your funds, this account puts you in control while still allowing your savings to grow.

Read More

What you need to apply

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South African Citizens

  1. Opening deposit of R1,000
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
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Non-South African Citizens

  1. Opening deposit of R1,000
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.

Savings Calculator



Interest Earned: R0.00

Total Savings: R0.00

What you need to apply

badge

South African Citizens

  1. Opening deposit of R1,000
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
public

Non-South African Citizens

  1. Opening deposit of R1,000
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.