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Pearl of Wisdom

'As for self-restraint, from it branches out satisfaction, resignation, good fortune, comfort, a sense of consideration, humbleness, a sense of remembrance, contemplation, magnanimity and generosity. These are the many ramifications for the intelligent man who practices self-restraint and is satisfied with Allah and with his share.'

Prophet Muhammad al-Mustafa [sawa]

Tuhaf al-'Uqul, p. 17

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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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