Planned Maintenance

Dear Valued Client,

Due to scheduled system maintenance,
the website will be temporarily unavailable from
2:00 pm on Friday, 1 September 2017 until
7:30 am on Saturday 2 September 2017.   

You can however login to our Online Internet Banking website using the following link i.e.

We apologize for any inconvenience caused during this time.

HBZ Bank Limited  
(A Subsidiary of Habib Bank AG Zurich) 
 South Africa

SIRAT Profit Rates

SIRAT Savings Account

SIRAT Current Account

SIRAT Murabaha Financing

SIRAT Premium Call Account

SIRAT Islamic Investment Certificates

SIRAT Diminishing Musharakah

SIRAT Shariah Forward Exchange Contract

Islamic Banking FAQ's

Islamic Banking: Frequently Asked Questions...

Question 1: Why Islamic Banking ?
Question 2: What is Sharia’ ?
Question 3: What is the difference between Islamic Banking and Conventional Banking?
Question 4: HBZ Bank Limited is a conventional bank how can “SIRAT” be Islamic then, while being the part of the same bank? With launch of SIRAT what is different now?
Question 5: How does HBZ ensure that the banking operations are as per Islamic Sharia’ requirements ?
Question 6: What does Riba mean?
Question 7: Are Islamic banking products & services restricted to only Muslims ?
Question 8: What are the benefits of maintaining account with SIRAT?
Question 9: What are the basic principles of Islamic banking?
Question 10: Islamic banking looks the same as conventional banking, how can they claim to be different ?
Question 11: What Islamic products HBZ is offering to Customers ?
Question 12: What Currencies does HBZ Islamic banking deal in for deposit accounts ?
Question 13: Where can I avail SIRAT services in South Africa?
Question 14: What businesses that are not allowed to open account ?
Question 15: Can Islamic deposits be used for conventional assets ?
Question 16: What is Murabaha ?
Question 17: What are the basic rules of a valid Murabaha transaction?
Question 18: Are the Goods purchased by customer through Murabaha insured by the Bank ?
Question 19: Is it mandatory for the seller in Murabaha to disclose profit ?
Question 20: How Murabaha profit is calculated ?
Question 21: What is Diminishing Musharakah(DM) ?
Question 22: Under DM Finance, who will be the owner of the property ?
Question 23: Islamic banks use interest base system (Prime) as a benchmark while determining profit; how Islamic banking can be said to be Islamic?
Question 24: Are not Islamic banks just paying interest and dressing it as profit on trade and investments?
Question 25: Can bank charge me extra profit in case of late payment ?
Question 26: Where do HBZ Bank Islamic banking invest?
Question 27: How does HBZ ensure that the banking operations are as per Islamic Shariah requirements?

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