Pearl of Wisdom

'Allah, the Exalted, revealed to Prophet David peace be upon him and on our Prophet, ?O David! When My believing servant commits a sin and then returns [to Me] and repents for that sin and is ashamed in My presence every time he remembers it, I will forgive him and cause the recording angels to forget it and change it to count as a good deed, and I will not care about it further, for I am the most Merciful.'

Imam Ja'far ibn Muhammad al-Sadiq [as]
Bihar al-Anwar, v. 6, p. 28, no. 30

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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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