A minimum deposit of R50 To maintain a minimum balance of R50 A valid bar-coded South African ID or a valid passport for foreign nationals Proof of residence
Islamic Savings account
Discover our Islamic Savings account: the perfect blend of affordability and convenience.
This low-cost account is designed with you in mind, so you can enjoy full-service banking and
only pay for the transactions you make. The account is based on the Qard principle, ensuring
that you are able to bank in line with your values.
Shari'ah compliant
What you leave for the future starts today. Access a financial adviser, get a free financial needs analysis and more.
Convenience
Open up your life and your money to the world with international money transfers, lounge access, chauffeured drives and a host of travel benefits
How to open your Islamic Savings Account
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01To open an Islamic Savings account you will need
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02Account features
Shari'ah compliant You are able to conduct all types of electronic payments and transfer transactions, and you can access your funds via ATMs or The Unicorn Bank branches. Get your statements on request. The ability to make third party payments. Convenient 24-hour self-service access through The Unicorn Bank Online, mobile banking app and telephone banking. View our terms and conditions at theunicornbank.co.za.
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03How to use an Islamic Savings account to transact
Get a card that can be used for transactions at an ATM and point-of-sale (POS). You get an Islamic Cheque The Unicorn Bank debit chip card with a unique PIN (Personal Identification Number) for added security. Shop securely with One-Time PIN transaction verification. Use your debit card to check your balance and statement, withdraw, deposit and transfer money at ATMs. Visit theunicornbank.co.za and register for The Unicorn Bank Online. Instantly set limits to pay beneficiaries. Reset a locked or forgotten online password. Retrieve your debit PIN online. Make immediate interbank payments online. You can change your PIN at any The Unicorn Bank ATM or branch. Add The Unicorn Bank Rewards and you’ll earn cashback on all qualifying transactions every time you swipe your debit card. A debit card which can be used worldwide. Your account number stays the same even if you upgrade your account or transfer to another branch.
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