Al Baraka Bank Al Baraka Monthly Investment Plan

A goal-based recurring savings plan: open with R100, then contribute a minimum of R100 per month, by debit order if you wish, over a fixed 12-month cycle. Contributions can be increased or decreased as circumstances change, and at maturity profits can be paid out or reinvested. Returns follow the bank's monthly-published Mudaraba profit distribution (4.873% per annum for June 2026). Personal and business variants are offered, and minors can save through a parent or guardian, making it a common choice for education and family goals.

This is the workhorse family savings product: R100 a month, a debit order, and a published Mudaraba return of 4.873% annualised as of mid-2026. It will not maximise yield, sitting below the Participation Account's longer tenors, but its job is habit formation and goal saving, and the flexibility to dial contributions up or down without penalty is worth more than a few basis points to most households. The structure is authentically Islamic with the same monthly rate transparency as the rest of the shelf. A sound default for education savings, especially opened for a minor alongside an iStart account.