Standard Bank launches Shari’ah Business Current Account

The account will be incorporated into the financial services provider’s business online platform and be available to all business banking clients.

“With this new Business Current Account, we can provide personalised banking, in every sense of the word, that prioritises businesses and gives them the tools and facilities they need.” Clients can complete transactions using issued cheque cards while additional cards are available to account signatories. They can receive money and customer payments through popular channels such as EFT, Instant Money, and SnapScan.

Shari’ah Business Current clients are also eligible for additional benefits thanks to Standard Bank’s industry-leading UCount rewards programme. In 2020, Standard Bank’s Shari’ah Banking solution was awarded the Best Emerging Islamic Banking Window and the Excellence Award for Premier Islamic Banking Services for three years in a row since 2020 at the annual Global Islamic Finance Awards.

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Standard Bank launches Shari’ah Business Current AccountIn the face of growing demand, Standard Bank today announced the launch of its Shari’ah Business Current Account, an all-new banking solution that caters to South African businesses, institutions, and start-ups by offering benefits tailored according to Shari’ah principles.
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