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Pearl of Wisdom

'The Messenger of Allah (SAWA) almost never said to something: 'No'. When he was asked to do something that he wanted to do, he would say 'Yes', and if he was asked to do something that he did not want to do he would keep silent, and it [the answer] would be known from his silence.'

Muhammad b. al-Hanafiyya

Ibid. v. 1, p. 368

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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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