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Pearl of Wisdom

'When one of you enters his brother's place, he must sit wherever his host asks him to, because the owner of a house knows its private spots better than a visitor to it.'

Imam Muhammad ibn Ali al-Baqir [as]

Qurb al-Isnad, p. 69, no. 222

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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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