Business Account

The IslamicFinance Business Account is Shari'ah-compliant and based on the Mudurabah principle. Funds in these deposit accounts will not earn credit interest or pay debit interest as they may not be overdrawn. The IslamicFinance products are based on Islamic principles, but are not limited to the Muslim community.

When you do business banking with us, you will benefit from FNB's sophisticated infrastructure. You can draw from, deposit into or view your Islamic Finance account with ease at a choice of contact points including a wide branch network, ATMs, Telephone, Online and Cellphone Banking.

Essentials

What are the features and benefits of the IslamicFinance Business Account ?

General

  • No overdraft
  • No credit or debit interest
  • IslamicFinance Visa Electron Business Card
  • Petrol Card on application only (transactions debited to IslamicFinance Cheque account)
  • Earn part of profit share, calculated on average balance on the account for the period of calculation.
  • Minimum balance of R1000 required

An IslamicFinance Business Account allows for

  • Debit Orders
  • 3rd party payments
  • Bank cheques
  • Cheque books
  • IslamicFinance branded A4 statements

ATM Facilities

  • Balance Enquiries
  • Inter account transfers on linked accounts
  • Deposits at designated ATMs

Criteria

The following entities qualify for an IslamicFinance Business Account:

  • SA citizens or permanent residents of RSA
  • Partnerships
  • Close Corporations
  • Private Companies
  • Public Companies
  • Non-Profit Organisations
  • Incorporated companies

Value Adds

Value adds of the IslamicFinance Business Account

  • eBucks
  • InContact
  • Telephone, Cellphone and Online Banking

Fees

What are the costs associated with the IslamicFinance Business Account?

Please refer to our Pricing Guide for more information

Enquiries

For more information about our IslamicFinance products, can contact your nearest FNB branch or phone our IslamicFinance contact centre on 0861 786 788.