Pearl of Wisdom

'Wealth that prevents you from oppression is better than poverty that drives you to sin.'

Imam Ja'far ibn Muhammad al-Sadiq [as]
Kitab man la yahdurahi al-Faqih, v. 3, p. 166, no. 3614

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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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