Shariah Compliant Banking

Shari'ah-compliant savings accounts, also known as Islamic or halal savings accounts, are a specialist type of account that comply with Islamic law. 

The Bank invests its customers’ deposits in Sharia compliant activities in order to generate a target profit. 

It does this either by becoming an agent of the customers, or by entering into a partnership with the customer and sharing the risk and reward.

Whether you're looking for a new car, home, or need extra funds for a personal expense, we offer a variety of loan options with competitive rates and flexible terms.

It is important to clarify that this Sharia compliant savings product(s) is called ‘Fixed Term’ and not ‘fixed return’. 

It is usually offered under the Islamic principle of Wakala (an agency agreement).  

The Home Purchase Plan (HPP) is a product which enables the customer to buy their own home in a Sharia compliant way, without interest. 

The customer can purchase the property over a period of time, so that, ultimately, they become the owner.

For an Islamic bank to be able to offer the HPP at a competitive rental rate, we do not take on the responsibility of maintenance as part of the Ijara Agreement.

Enjoy the convenience and rewards of our credit cards, featuring competitive rates, no annual fees, and cash back rewards. Choose from a variety of card options to fit your needs.

Manage your accounts from anywhere with our online banking services. Transfer funds, pay bills, and monitor your transactions all in one place.

Our dedicated customer service team is available to answer your questions and help you with any banking needs. Contact us by phone, email, or visit us in person at any of our convenient locations.