Innovation rooted in tradition

Compliant cutting edge banking facilities for your business.

Shari’ah-compliant Banking for your Business

Experience a combination of centuries of thoughtful economic principles and today’s essential financial services when you apply for our Shari’ah-compliant offerings that take your business seriously.

WHAT IS SHARI’AH COMPLIANT BANKING?

Shari’ah-compliant banking – based on the economic principles and philosophies of the Shari’ah - is not only for Muslims. Shari’ah-compliant banking is for anyone who wants to do their banking differently.

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Click here to view our Personal Shari'ah compliant products

Explore our Shari’ah-compliant products that are true to the tradition and principles of Shari’ah

Click here to view the Shari'ah offerings for your business

View our Shari’ah-compliant Business Banking products that are true to both the principles of innovation and tradition

Our Shari'ah offerings for your business

Shari’ah Business Current Account

Advance your business and open a Shari’ah Business Current Account today. Get access to everyday banking such as transferring of funds, making of payments and managing debit orders. Explore your benefits and get value for your business.

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Savings and Investment for your business

Prepare for the future of your business with our Shari’ah-compliant Savings and Investment accounts.

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Shari’ah Commercial Asset Finance

The Shari’ah Commercial Asset Finance finances a wide range of new or used movable assets taking your business to your next level.

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Shari’ah-compliant Fleet Management

Manage your fleet of vehicles with our Shari'ah compliant fleet management solutions

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Merchant Capital Shari’ah cash advance

Merchant Capital is a leading provider of alternative working capital solutions to SMEs in South Africa, having assisted thousands of retail businesses with millions in funding. A Shari'ah-compliant option is now availabl

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Shari’ah compliant Forward Exchange Contracts (FEC)

Hedge your Foreign Exchange risks with a range of Shari'ah Compliant contracts.

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Shari’ah Commercial Property Finance

Apply for cutting edge Shari’ah compliant commercial property finance today.

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Get in touch

Need to find out more about Shari'ah-compliant banking for your business? Speak to one of our dedicated experts.

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Frequently asked questions

OUR SHARI’AH ADVISORY COMMITTEE

To ensure that everything we do is in compliance with Shari’ah and internationally accepted best practices, our Independent Shari’ah Advisory Committee are scholars of international repute and include:

Mufti Zaid Haspatel

Mufti Zaid completed his Aalim Faadhil (with distinction) and his Iftaa at Darul-Uloom Zakariyya.

He currently lectures at Darul-Uloom Zakariyya and participates in the Iftaa department.

He currently serves on the Shari’ah Boards of Sentio Capital Management, 27Four Investment Managers and FNB Islamic Banking.

Mufti Yusuf Suliman

Mufti Yusuf Suliman serves as a member of numerous Shari’ah Advisory Committees, including but not limited to Standard Bank, Bank of Maldives, Discovery Health, Investec Bank, Capital Legacy & Alexander Forbes.

He developed the Islamic Banking training material for all South African Islamic Banks, having been contracted by BANKSETA.He is also a consultant to some Islamic Financial Institutions globally.

He is one of few Scholars in SA accredited by AAOIFI as Shari’ah Advisor and Auditor. He also holds Certificates in Qadha (adjudication) from Imarat Shari’ah, Patna Bihar (India) and has completed Iftaa (issuance of verdicts) at Darul Uloom Zakariyya, Lenasia (South Africa).

Qari Mohamad Sauleh Peck

Qari Mohamad Sauleh completed his degree in Higher Islamic Education, Aalim Faadhil (with distinction) as well as Ifta at the Darul Uloom Zakariyya.

He established the Fatimah institute in Houghton for adult women to specialise in the sciences of Arabic morphology, syntax, Quranic exegesis, Hadith and Jurisprudence.

He is currently the senior Imam at West street Masjid in Houghton, Johannesburg.

SHARI’AH BANKING COMPLIANCE CERTIFICATES

Download a pdf of our compliance certificates

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87 KB Download Shari’ah Compliance Certificate for UCount

Shari’ah-compliant Banking for your Business

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