Pearl of Wisdom

'Truly our tradition enlivens the hearts.?

Imam Muhammad ibn Ali al-Baqir [as]
Bihar al-Anwar, v. 2, p. 144, no. 5

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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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