Personal Premium Plus Investment

  • The Premium Plus is aimed at individuals who need flexibility from their high-value investment over a 12-month period. Profits can be withdrawn on a monthly basis or reinvested according to the investor’s immediate financial plans
  • 12 month fixed investment account
  • Funds in the Premium Plus Investment can be pledged in respect of security for finance related transactions
  • Profits can be paid out monthly to clients or capitalised
  • Download the Al Baraka SA Banking app to view your investment statement
  • Minimum deposit of R3 million is required to open and retain the account with additional deposits allowed at a minimum of R250 000 on an ad hoc basis (Note: All cash deposits are subject to a cash deposit fee)
  • All deposits and withdrawals will be subject to Al Baraka's banking fees
  • Click here to view fees applicable 01 July 2023

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 of March 2024 the profit earned was 7.838% ( February 2024 - 7.838%)

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

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

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