Ask Qul - Business / Investment - Interest bank accounts

when he was asked about humbleness in prayer, said, 'It is to abase oneself in the prayer, and for the servant to come to his Lord wholeheartedly.'

Prophet Muhammad al-Mustafa [sawa]

Da'a'im al-Islam, v. 1, p. 158

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Ask Qul - QA

Question : #438

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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