{"id":20719,"date":"2025-12-09T08:32:40","date_gmt":"2025-12-09T06:32:40","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/islamic-bank-introduces-shariah-compliant-foreign-currency-account\/"},"modified":"2026-02-27T16:31:58","modified_gmt":"2026-02-27T14:31:58","slug":"islamic-bank-introduces-shariah-compliant-foreign-currency-account","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/islamic-bank-introduces-shariah-compliant-foreign-currency-account\/","title":{"rendered":"\u00a0Islamic Bank introduces Shari&#8217;ah-compliant foreign currency account"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">Customers can hold and transact in six major international currencies. This initiative marks a significant step in the bank&#8217;s commitment to digital convenience, customer-centricity, and innovation in Shariah-compliant banking. General Manager for Information Technology at Al Baraka Bank, Sumeshion Chetty says the account allows consumers to buy currently at their leisure.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;We have currently launched this product currencies in total, \u00a0three of the majors:\u00a0 the United States Dollar, Euro and the Pound. We have looked at the market and a few currencies \u00a0that sort of make sense to our market as such.<\/p>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\">\n<p class=\"x_MsoNormal\">The Saudi rial as the Islamist bank in the country \u00a0and a trip to Saudi Arabia as something that most muslims in South African will do at some stage in their life \u00a0and this was to make the process a lot easier,&#8221; Chetty said.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;ChannelAfrica&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":20720,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-20719","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Al Baraka\u00a0Islamic Bank, based in Bahrain, has introduced the Vivere account, a Shari'ah-compliant foreign currency account\u00a0designed for South Africans to engage in global transactions confidently","published_date":"2025-12-09 00:00:00","news_description":"Al Baraka\u00a0Islamic Bank, based in Bahrain, has introduced the Vivere account, a Shari'ah-compliant foreign currency account\u00a0designed for South Africans to engage in global transactions confidently","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20719\/revisions"}],"predecessor-version":[{"id":24659,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20719\/revisions\/24659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20720"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=20719"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=20719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}