Standard Bank Shari'ah Banking Standard Bank Shari'ah Fixed Deposit

Standard Bank's flagship Shari'ah product: a Mudarabah-based fixed deposit for lump sums from R1,000 over terms of 33 days to five years. The deposit is invested in Shari'ah-compliant financing and investments and the resulting profit is split on a stated 50/50 basis between bank and depositor. Profit is calculated on the average daily balance and can be paid monthly, quarterly, half-yearly, annually or at maturity, with longer terms earning higher weighted returns. No monthly fees apply; early withdrawal fees do. Indicative profit rates per term are published on the product page, and the Shari'ah Advisory Committee's signed 2026 certificate covers the product.

The Shari'ah Fixed Deposit is the strongest thing left on Standard Bank's personal Islamic shelf, and on its own terms it is genuinely competitive: a stated 50/50 split, terms to five years, and payout frequencies down to monthly that make it a workable halal income instrument. The catch is the context. With no Islamic cheque account, vehicle finance or home finance remaining for individuals, this is a product you hold alongside a primary relationship elsewhere rather than a reason to bank here. For pure deposit economics, compare the 50/50 split's realised outcome against Absa's higher indicative headlines and Al Baraka's published realised rates before choosing.