If a Jew lends money to another Jew for interest using a Heter Iska form, is it also permitted to have the borrower sign a promissory note guaranteeing the repayment… Read more »
Category: Interest on loans
Ribis Between Neighbors
My wife lent somebody a container of matzoh meal that was not kosher for Pesach. The husband works in a factory, and brought back a bag that contains matzoh meal… Read more »
Making a Shaliach (Envoy) for Heter Iska
I am taking a business loan from another religious Jew who is living in england. I was wondering if i can make a shaliach to sign my heter iska, and… Read more »
Sale of Gift Certificates (Ribbis)
There exists many “groupon” type site in which you buy a gift certificate to a store at a large discount. Part of the reason for the sale is to attract… Read more »
Gift of Wine from Borrower
A borrower repaid us our loan and threw in a package of 3 very fancy wines to boot. Now what do we do with the wine? He wouldn’t hear of taking… Read more »
Borrowing One in Exchange for Two
I was on vacation with my family and late at night I really wanted a can of soda that my 10 year old sister had. My husband offered her two… Read more »
Paying Back Extra on Loan
If I go to the supermarket for my parents, spending $100 of my own money, making me a lender. Can my father pay me back $300, as the money is… Read more »
Defining a Loan
Regarding the answer concerning a person barrowing a half jar of horseradish and the returning a full jar. Why can’t we consider it a purchase instead of borrowing. The person… Read more »
Ribis when Returning a Food Product
My neighbor barrowed half a jar of horseradish from me. When he insisted to repay me, I told him to get me another jar. Is the other half received considered… Read more »
Payment in Heter Iska Agreement
We lent a large amount of money to someone in 2005 with a heter iska.Tha borrower used it to develop a property which is only now being finished. The borrrower… Read more »
Fine for Late Payment
I’m a small business owner. In these tough economic times, many of my clients are asking if they can pay their bills in installments (or pay part of their bills… Read more »
Mishloach Manos to Creditor
I have a friend who lends or gives us money to help us out. Am I allowed to give him mishloach manos on Purim – or would this be considered… Read more »
Retroactive Heter Iska
Can I have a Heter Iska signed retroactively if one has not been signed at the time of execution of a loan/investment? Answer: A heter iska cannot work retroactively. The… Read more »
Heter Iska for Paying Back Interest
Dear Rabbi, I took out a mortgage loan to be used for a family member where he pays the monthly payments. I was told that I will need a Heter… Read more »
Investing in Lending Company
I have lately seen adds for something called “peer to peer lending” which sounds like it would be a good thing to invest in, as there are minimal losses involved…. Read more »
Paying off Bank Loan
Reuven and Shimon jointly take out a bank loan at x% interest to invest in a venture they are both involved in, they acquire x% of the company through this… Read more »
Working for loan company
I have recently started working for a finance company that issues short term, small loans. The company is fully licensed etc but the interest is high. My role over time… Read more »
Dissolving Partnership
2 Jews are in business. One of them has a 50% share in the business, which he supplies from his other business. The business he supplies owes him money to him…. Read more »
Timing of the Repayment of A Deposit “Loan”
Question: One has an agreement which may be renewed on a yearly basis for services rendered and payments are made for those services per the agreement. With the commencement of… Read more »
Forgot Pruzbul
Question: If I forgot to write a pruzbul am I permitted to collect my loan if the borrower is willing to pay me back? Answer: There is a minority opinion… Read more »
Hetter Iska
Question: when taking mortgage from bank, the usuall contract is presented as a loan with an obligation to pay interest. This is what is signed by the borrower. So how… Read more »
Paying Extra At the End of the Employment
Question: I pay my babysitter on Friday for the week’s work, which includes Friday. When paying at the end of the week, is there anything wrong with paying a few… Read more »
Hike In Bus Fare
Question: If I gave someone a punch on my bus card last week and this week the bus fare went up, can they give me back a punch this week?… Read more »
Borrowing Money Via Someone Else’s Bank Account
Question: Is it permitted to let a friend of mine borrow money from my home equity account and have him pay the interest on that principle being that I am… Read more »
Interest On A Debt Arising From Damages, Not A Loan
Question: I borrowed an old used bike from a friend of mine to teach my sone how to ride a two-wheeler. The bike was crushed by a car (while on… Read more »
Interest On A Real Estate Deposit
Question: I am about to vacate an apartment that I have been renting for the past year. Just found out that the property manager is jewish and possibly the owner… Read more »
Keeping Others’ Money In My Bank Account
Question: I manage my family’s different savings accounts under separate accounts in my bank, under my main bank account. Is there any problem in doing this, as in the end… Read more »
Expressing Appreciation For A Loan
Question: If somebody lends me money… Can I tell him “I appreciate” ? Answer: It is forbidden to pay any kind of interest on a loan, and this includes even… Read more »
Lending Money For A Wedding and Then Attending the Wedding
Question: I loaned a person approximately USD 5000 as he was making a wedding. We have been friends for years – part of the same kehilla but I wouldn’t be… Read more »
Hetter Iska – Written or Oral?
Question: Two shilos in regards to Heter Iska 1. Does it need to be written or is agreed upon enough? 2. Do both parties have to sign it? Answer: Kitzur… Read more »
An Interest in Late Fees
Question: I am preparing a lease contract to rent out our car. I would like to include a clause stipulating that whenever a payment is late the renter will have… Read more »
Bonding With The State
Question: Is there any problem with investing in Israel Bonds in terms of ribbis? My wife has some money coming due and my father-in-law is asking if we want to continue… Read more »
Shul Payments and Mikva Prices
I am a member of a Shul and am behind with my payments. Being behind makes me a non-financial member and limits my rights. The Shul board has decided to… Read more »
Credit Card Interest
if i lent someone a credit card am i allowed to make him pay the interst if he did not pay it in full. that credit card is used didstinctly… Read more »
Need for Heiter Iska
I found a profitable investment which my daughter would like to invest in. 1. Can I make a deal where I get a percentage of her profits without a heter… Read more »
Repaying Dollars
i borrowed from someone Caanadian money is there any problem in paying him back in US Dollars? Answer: At the time of writing, 100 Canadian Dollars are worth around 96.5… Read more »
Ribbis when paying more for an extension of payment time
A person is a broker who sells a product for a Jewish company and the buyer is a Jew. The parties agree that the price per unit is $50. When… Read more »
Arev of Loan with Interest
I was a orev on a shtar that was written and the interest was written into the loan as part of the principal does this possel the shtar that was… Read more »
Repaying a shekel loan in the US
I live in the states and I went to Israel for seminary. While I was there I borrowed money from a friend in shekel and I don’t know what the… Read more »
Costs of billing – Ribbis?
Question I have an IT business. I send invoices to my clients via email, if they didn’t pay it then I send them a letter where I charge them 60p… Read more »
Lending Shekel for Dollars
Question: Reuven, an American tourist in Israel, wishes to borrow some Israeli shekels from his friend and fellow tourist Shimon, and arranges to repay the loan when they return to… Read more »