Read about the Shari’ah Call account
If you’re looking for a savings solution that aligns with Islamic banking principles while still earning a consistent return, the Shari’ah Call Account from Standard Bank is a strong contender. Designed to reward your positive balance with monthly profit-sharing, it offers competitive indicative profit rates while ensuring your capital remains intact.
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Indicative Profit Rate
Up to 6.50%
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Monthly Fees
No monthly management fees.
Tax Implications
• Profits earned through the Shari’ah Call Account are treated as income and may be subject to tax depending on your annual earnings.
• South African residents benefit from an interest exemption threshold: R23,800 for individuals under 65 and R34,500 for those 65 and older.
• Profit earned in this account counts
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Read about the Shari’ah Call account
If you’re looking for a savings solution that aligns with Islamic banking principles while still earning a consistent return, the Shari’ah Call Account from Standard Bank is a strong contender. Designed to reward your positive balance with monthly profit-sharing, it offers competitive indicative profit rates while ensuring your capital remains intact.
Read More
What you need to apply
- Opening deposit of R100
- Your South African ID
- Proof of residence
(not older than three months)
- Opening deposit of R100
- Valid Passport
- Proof of residence
(not older than three months)
- Work/Resident permit
You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.
