Pearl of Wisdom

once passed by Hisham b. al-Hakam selling fine cloth in the shade, so he said to him, ?O Hisham, verily the sale of goods in the shade is considered fraud, and verily fraud is not allowed.'

Imam Musa ibn Jafar al-Kadhim [as]
Ibid. no. 6

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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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