Al Baraka Bank has announced the launch of Vivere, a groundbreaking Shari’ah compliant foreign currency account that empowers South Africans to transact globally with confidence.
Vivere allows customers to hold and transact in six major international currencies — USD, EUR, GBP, TRY, AED, and SAR — using one secure VISA card. Designed for seamless international living, Vivere supports online purchases, in-store transactions, ATM withdrawals abroad, and global travel needs including Hajj and Umrah.
“Vivere reflects our commitment to innovation that improves the everyday lives of our customers — locally and abroad.” — Mr. Shabir Chohan, Chief Executive Officer.
With an annual fee of just $10, Vivere offers secure access to foreign funds without the hassle associated with purchasing foreign currency notes. Customers can manage international currency from the comfort of their home — sending, storing, and spending effortlessly.
“We built Vivere to deliver financial freedom across borders, without complexity and without compromising our ethical values.” — Mr. Sumeshion Chetty, GM: Information Technology.
Vivere represents a major milestone in the bank’s strategic focus on digital convenience, customer-centricity, and Shariah-compliant banking innovation. The product was successfully launched across Durban, Johannesburg, and Cape Town with interactive activations and live demonstrations.
Vivere is now available at all Al Baraka Bank branches and online at welcome.albaraka.co.za
