All deposits and withdrawals will be subject to Al Baraka's banking fees, click here to view
The Bank earns profit from its financing activities which are carried out on the basis of Murabaha, Musharaka and Ijarah finance contracts. The profit earned is shared with the investment depositors based on the Bank’s profit distribution model.
Actual profit earned for the month is used to calculate the rate of return to the depositors and can vary month to month.
For the month the profit earned was
The following documentation is required to apply:
South African bar-coded Identity Document/Smart ID
Proof of address not older than 3 months, for the verification of your residential address
Birth Certificate of minor or Smart ID for young adults age 16 and over
South African bar-coded Identity Document/Smart ID and proof of address not older than 3 months of parent or guardian, for the verification of their residential address
Click here to view all acceptable forms of proof of address required to open an account
With these on hand, you can then contact your nearest branch to apply, or complete the Contact Form on this page for our Sales Consultant to call you
Get in touch
Please complete the form below and a member of our team will contact you as soon as possible: