Pearl of Wisdom

'You certainly know that he who is in charge of the honour, the lives, the booty [erforcement of], the commandments and the leadership of the Muslims must not be: a miser, as he would avidly crave their wealth, nor an ignorant man as he would then mislead them with his ignorance, nor crude in his manner for he would estrange them with his crudeness, nor one who deals unjustly with the distributing of wealth thus preferring one group over another, nor one to accept bribes in his ruling lest he forfeit people's rights and pass judgments without them [their rights], nor one to suspend recommended practices whereby he would ruin the community.'

Imam Ali ibn Abi Talib [as]
Nahj al-Balagha, Sermon 131

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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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