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 is based on the economic principles and philosophies of the Shari’ah. This type of banking is not restricted to Muslims, but is for anyone who wants to do banking differently.

Explore our Shari’ah-compliant Personal and Business solutions that are true to 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 Overdraft

Boost your business’s working capital with our Shari’ah-compliant overdraft facility.

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

Mufti Yusuf Suliman

Mufti Yusuf Suliman serves on several Shari’ah Advisory Committees, including Standard Bank, Bank of Maldives, Discovery Health, Investec Bank, Capital Legacy, and Alexander Forbes.

He developed Islamic Banking training material for all South African Islamic Banks under a BANKSETA contract and consults globally to Islamic financial institutions.

He is one of the few South African scholars accredited by AAOIFI as a Shari’ah Advisor and Auditor. He also holds a Certificate in Qadha (adjudication) from Imarat Shari’ah, Patna Bihar (India), and completed Iftaa (issuance of verdicts) at Darul Uloom Zakariyya, Lenasia.

Qari Mohamad Sauleh Peck

Mufti Yusuf Suliman holds a Certificate in Qadha (adjudication) from Imarat Shari’ah, Patna Bihar, and completed Iftaa at Darul Uloom Zakariyya, Lenasia. HAAOIFI also accredits him as a Shari’ah Advisor and Auditor.

He serves on several Shari’ah Advisory Committees, including Bank of Maldives, Discovery Health, Investec Bank, Capital Legacy, and Alexander Forbes, and is responsible for the development of the BANKSETA Islamic Banking training material for all South African Islamic Banks.

SHARI’AH BANKING COMPLIANCE CERTIFICATES

Download a pdf of our compliance certificates

1017 kb Download Shari’ah Compliance Certificate

542 KB Download Shari’ah Compliance Certificate for UCount

Shari’ah-compliant Banking for your Business

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