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HBZ Bank Limited South Africa, a wholly owned subsidiary of Habib Bank AG Zurich, started its operations in 1995. Although a locally incorporated bank, management control of HBZ Bank Limited vests in Habib Bank AG Zurich. Hence HBZ Bank Limited provides its customers legendary service and confidentiality in the best Swiss Banking tradition. HBZ Bank Limited proudly offers purely Shari'ah Compliant Islamic Banking products and services through an exclusive Islamic Banking Branch. For more information click here.

HBZ Bank Limited offers purely Shari’ah Compliant Islamic Banking products and services through an exclusive Islamic Banking Branch. There is nothing mysterious about Islamic Banking, nor is there any real differentiation in the products and services that the Islamic Branch offers when compared to traditional products. You'll still be able to open a savings, fixed deposit or current account and have access to business, equipment, vehicle and property financing at very competitive rates.

The only thing that really sets Islamic Banking apart from conventional banking is an adherence to the principles of Shari’ah, which in simple terms means the Islamic Branch is not allowed to charge or pay interest on financing or deposits, or transact in investments or businesses involving alcohol, gambling or other Islamic unacceptable activities. 

Besides Islamic banking, which includes deposit taking, the provision of cheque services and lending, HBZ Bank may also carry on any other business which is regulated or authorized by Reserve Bank, including Islamic financial advisory services, shariah trade finance, short term investing and short-term foreign exchange.

The Reserve Bank is responsible for bank regulation and supervision in South Africa. The purpose is to achieve a sound, efficient banking system in the interest of the depositors of banks and the economy as a whole. This function is performed by issuing banking licenses to banking institutions and monitoring their activities as regulated by the Banks Act (No. 94 of 1990) and the regulations relating thereto.