Pearl of Wisdom

'The best of you are those who learn the Qur'an, and teach it.'

Prophet Muhammad al-Mustafa [sawa]
Ibid. v. 92, p. 186, no. 2

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Question : #438 Category: Business / Investment
Subject: Interest bank accounts
Question: If I know that the bank will give me interest even without stipulating the conditions, is it permissible for me to deposit in a savings account that takes the form of a term-deposit?
Answer: Yes, it is permissible, as long as you do not stipulate the conditions of interest.

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