Al Baraka Bank Launches Vivere: Global Banking for South Africans

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 — US Dollar, Euro, British Pound, Turkish Lira, UAE Dirham, and Saudi Riyal — 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. 

Find out more about this unique offering in this interview between host Thami Ngubeni and Sumeshion Chetty, General Manager for Information Technology at Al Baraka Bank.