Pearl of Wisdom

'It is not part of the moral virtues of a believer that he should flatter or be jealous except in the quest for knowledge.?

Imam Ali ibn Abi Talib [as]
Ibid. nos. 29364,28937

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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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