1 Albaraka Bank South Africa
2 Jordan Islamic Bank
3 Absa Islamic Bank
Trading
List of Islamic Banks in South Africa
Published by Gbaf News
Posted on April 3, 2013
1 min read· Last updated: June 11, 2018
Key Takeaways
- Al Baraka Bank is South Africa’s only fully‑fledged Islamic bank, established in 1989.
- Other major banks like Absa offer Islamic banking windows rather than being fully Shariah‑compliant.
- Islamic banking services in South Africa adhere to both South African regulations and Shariah governance.
- Al Baraka Bank operates from Durban and offers a full suite of Shariah‑compliant products.
References
Frequently Asked Questions
Is Al Baraka Bank the only Islamic bank in South Africa?
Yes, it is the only fully‑fledged Islamic bank; other institutions like Absa offer Islamic banking services via dedicated windows.
When was Al Baraka Bank in South Africa established?
It was established in 1989.
Where is Al Baraka Bank headquartered?
Its head office is located in Durban, South Africa.
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