Islamic Business Financing in Gqeberha, Eastern Cape

FNB's Islamic business offering mirrors its conventional business ladder: Islamic business accounts by turnover (First Business Zero to Enterprise, the latter for R60 million to R150 million-plus turnovers) plus a certified finance suite covering Islamic trade finance, Islamic asset-based finance, Islamic commercial property finance, the Islamic Auto Advance fleet card, and Islamic Forward Exchange Contracts for hedging import/export currency risk compliantly. Business deposits can flow into Islamic call and term products. The SAC certificate of 11 February 2025 covers the full business suite, and the internal Shari'ah team monitors day-to-day execution.

GoTyme Bank (formerly TymeBank, renamed February 2026 under the global Tyme Group and serving over 12 million South African customers) offers a Shari'ah Business Advance: asset-backed Murabaha funding of R50,000 to R5 million over 3 to 12 month terms. The bank purchases the assets or goods the business needs and resells them to the business at a pre-agreed fixed markup, repaid in instalments with no interest and no hidden fees; the price never changes after signing. The product is certified by a committee of Islamic scholars and sits alongside GoTyme's conventional Business Advance inside its digital-first business banking offering, with online application and dedicated Shari'ah funding specialists. Together with Merchant Capital it is one of only two short-term unsecured Shariah-certified business funding options in the country, and the only one run by a licensed digital bank.

Merchant Capital, the Sandton-based alternative SME funder that has advanced more than R17 billion to close to 70,000 South African businesses over 12+ years, runs South Africa's first Shari'ah-compliant unsecured merchant cash advance. The product is structured on the Wakala (agency) principle and certified by Standard Bank Shari'ah Banking, with compliance certificates published on Standard Bank's site. A retailer can qualify for up to 100% of its average monthly debit and credit card turnover, with funds paid out within 48 hours of a quick online application. Repayment is not a fixed debit: the advance is recovered as an agreed percentage of every card swipe through the merchant's terminal, so repayments breathe with trade, slowing in quiet months and accelerating in busy ones. Qualifying needs South African citizenship (or a guarantor), 12 months of trading and R50,000+ in monthly card sales (or R150,000+ monthly EFT turnover per Standard Bank's page).

Standard Bank's certified business asset finance: Shari'ah Commercial Asset Finance for a wide range of new or used movable assets, Full Maintenance Rental and Operating Rental structures for fleets, a Prepaid Fleet Card, and, launched in June 2026, the Shari'ah Banking Floorplan, a compliant stock-financing facility for vehicle dealerships covering passenger vehicles, commercial trucks and agricultural machinery on a digital asset-management platform. Standard Bank cites industry research putting SA's Shari'ah vehicle and movable asset finance sector above R8 billion. Commercial Property Finance rounds out the certified business financing shelf. Head of Shari'ah Banking Ameen Hassen leads the unit.