RM
Rockshana M

1 reviews | Active since Jun 2021

08 Jul 2025, 15:25

Shari'ah Fixed Term Investment

Maybe I should rather send to the ombudsman, but let me try here first. I took out a Shari'ah Fixed Term Investment. I took this out 2020 - The max amount was R1000.00 - of which I invested R4000.00 instead. I made plans for the return, guess what - in the 5 year - out of the R3000.00 I got R2940.00 back and my interest paid after 5 years was R1640.00. What I waste of my time , my money and everything that went with it. You can just imagine my disappointment. Never again. I am on the verge of closing my Standard Bank account permanently.

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Replies (1)
Standard Bank
Standard Bank's reply08 Jul 2025, 15:45
Official
Dear Rockshana

Thank you for bringing this issue to our attention. 

As Standard Bank, we are committed to providing you with the best possible service and will ensure that this issue is taken care of. 

We sincerely apologise for any inconvenience or unwarranted frustration this has given you. 

Kindest regards
Standard Bank Hello Peter Team 
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