Islam’s Stance towards Modern Issues
· Issue 970: Properties which people deposit in banks under the title of active accounts are considered as interest free loans to the bank. It is permissible for people to take it back and withdraw it when the please. When this is done for compensation as a profit, it is forbidden and the loan is invalid and it is not permissible for the bank to utilize the deposit in this situation.
The World Assembly of Shiite Studies was established in 2003 (1382 AH) by a group of scholars from seminaries and universities. The purpose of founding this independent academic institution was to introduce the school of Shi‘ism and defend its legitimacy through education, research, translation and publication, communications, and Islamic promotion. This center has continued its mission with strength and determination and envisions a bright future ahead.
Address: Qom, 45-Meter Ammar Yaser Boulevard, between Alley 4 and 6, World Assembly of Shiite Studies, Secretariat of Religious Scholars
Fax: +982537713774