Absa Bank Kenya PLC
La Riba Fixed Deposit Account
Fixed deposit · Regulated by the CMA
What is this?
An Islamic fixed‑term deposit. You place a lump sum and earn profit to maturity.
The details that matter for this kind of plan
| Currencies | Available in KES, USD, GBP and EUR. |
|---|---|
| Minimum deposit (FCY) | USD 1,000; EUR 1,000; ZAR 10,000. |
| Term options | Minimum term as prescribed by the bank. |
| Profit payment | Profit is paid at maturity unless agreed otherwise. |
What does it cost you?
| Admin charge | Nothing |
|---|---|
| Penalty for taking money out early | not disclosed |
- · Customer loses profit accrued if the deposit is broken before maturity or on partial withdrawal, per KFD.
What if you stop paying?
There are no monthly payments. Your money stays to maturity.
What if you need the money early?
If you break the deposit early, you lose the profit you had accrued.
Who this suits
It could work for you if
You can lock money for a set term and want a low‑risk Islamic return.
Think twice if
You will need the money before the term ends.
How openly does this company explain its charges?
CLeaves real gaps
6 of 10 answered
- What do they charge you every year?This kind of charge does not exist on this product.
- What is taken off the money you pay in?This kind of charge does not exist on this product.
- What does it cost to get out early?No exit penalty is printed in the sources we checked.
- What is the smallest amount you can start with?KES 50,000.
- How long is your money tied up?They do not say how long you are tied in.
- Is the advertised return before or after their charges?This product does not advertise a return.
- Do they warn you the return is not guaranteed?This kind of product does not advertise a return.
- Do they tell you what you get back if you stop early?You get whatever your money is worth on the day. There is no schedule.
- Do they list what is not covered?This is not insurance, so there is nothing to exclude.
- Are all their charges published?No. 1 charge is mentioned without a figure.
- Do they say who regulates them?Yes — the CMA. That is who you complain to.
This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.
Talk to them
- If something goes wrong, the CMA is who supervises them.
Compared with the others
There are 6 other plans of this kind on the board. See all 7 side by side — what each one leaves you with, and which of them will not say.
What the documents actually say
Every figure above was read out of a document. These are the sentences, word for word, so you can check them rather than take our word for it.
“Customer loses interest accrued when they break the deposit before end of agreed tenor or make a partial withdrawal within the tenor of the deposit”
Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfread 2026-08-22“Minimum Amount Kes 50,000 ZAR 10,000 USD 1,000 EUR 1,000”
Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfread 2026-08-22“*Prevailing rate”
Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfread 2026-08-22“Withholding Tax - currently at 15%.”
Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfread 2026-08-22
Where we got this
- Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfRead on 2026-08-22