Pearl of Wisdom

'Know that what you have been commanded to do is little and its reward is great. Even if there had been no fear of punishment for revolt and disobedience, which Allah has prohibited, the reward in refraining from them would be enough [incentive] to abstain from pursuing them.'

Imam Ali ibn Abi Talib [as]
Nahj al-Baldgha, Letter 51

Latest Answers

Receive Qul Updates

Name:
Email:



Ask Qul - QA
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.

If you require further clarification on this answer, please use the feature to respond to the stated answer.
Copyright © 2018 Qul. All Rights Reserved.
Developed by B19 Design.