If the bank adheres to investing the deposits in permissible projects without guaranteeing the customer’s capital, and agreeing with the customer on a defined share of the profits, then there is nothing wrong with making investment deposits in this bank, and there is also nothing wrong with opening a current account with it.

Wealth in Islam may be a blessing if it is used for purposes that are pleasing to Allah, and to help one obey Allah. It may be a calamity if it is used for evil purposes, or if it makes one proud and arrogant, or it distracts him from obeying and remembering Allah.

If Silwana Diamond Company or any company does not meet the following conditions, then it is not permissible for you to invest in that company: 1. The field of investment must be permissible. 2. There should be no guarantee of the capital. 3. It is obligatory to agree on a percentage of the profit. 4. The company should avoid borrowing money with interest or putting its wealth in interest-bearing accounts (Riba).