To what extent should one be makpid to draft a heter iska, and might you please cite examples when a heter iska may be nogaya bzman hazeh? Thank you. Answer:… Read more »
Category: Interest on loans
Borrowing from Company (Ribbis)
Dear Sir, If a Jew borrows from a publicly held corporation in which 20% of the shares are owned by a Jew who manages that publicly held company, is a… Read more »
Heter Iska for Mortgage Document
My son who learns in kollel is thinking of buying a property. Because he cannot borrow money with his income, I will borrow the money from my bank, using my… Read more »
Collecting Interest in Court
Hi, I am a lawyer and a Jewish client just asked me to enforce a contract – charging interest – against another Jew. Can I take on the case? Thanks… Read more »
Loan “On the House”
I am looking to refinance my house. Presently the easiest option would be to go with a Jewish lender who would flip the loan right away (he says within 2… Read more »
Prohibition of Usury for Jews
Is now available that law which God told us that every man give 10% of his income? Why in the old testament that lend a non-Jew a Jew could ask… Read more »
Bonus on Credit Card
I lent someone money on my credit card. My credit card pays 1.5% interest on money spent on the card. Is this cashback bonus ribbis? If so, should I give… Read more »
Heter Iska for Pension Fund
How does one verify that he is not taking ribis when enlisted in an Israeli pension plan? Answer: This is a good question, and it is important to verify that… Read more »
Interest on Late Child Allowance Payment
Is it permissible to collect interest on delayed child support payment? Answer: If the interest grows over time, it is not permitted to collect this (from a Jewish father) unless… Read more »
Participation in Lending Club
Shalom, Could you please address these questions 1. as of recently many investment places started to advertise the new “safe investment” so called tax lien certificate, when homeowner fails to… Read more »
Paying More for Sefer as Helping Out
Someone went to a machaber of a sefer to buy his sefer for 50 shekels. The person didn’t have money but the machaber let him take the sefer anyway and… Read more »
Interest-Free Loan for Employees
Reuven is getting hired . His compensation: x amount of dollars or shekel a week; 10 days vacation a year use of the company car for a week an interest-free… Read more »
Getting Money Back in Heter Iska
Hi, The Heter Isska you have in English online lets me think that the sum invested must be returned to the investor no matter what happens. Is that correct? You… Read more »
Inflated Late Pay Check
Interesting shailo in ribis A company owed someone his pay check for last month, came the time to pay and the company ran into some financial difficulties. The pay check… Read more »
Loan for Giving Charity to Lender
An ani went around collecting on Purim and came to a rich person who didn’t have any more money left to give. The Ani said “Here, I’ll lend you a… Read more »
Receiving Interest from Bank
I recently set up an account at bank Mizrahi Tafuhot. The account receives interest. Do you know if this is a problem, or if bank Mizrahi has set up a… Read more »
Loan on Condition of Keeping Shabbos
The Father (not frum) of a Baal Teshuva asked his son for a loan. The son agreed to give his Father the loan on condition that he starts to keep… Read more »
Paying in Advance for Lulav Set
May one pay for a lulav and esrog set a month in advance via credit card to get an early bird discount? Or would this be considered a problem? Someone… Read more »
Taking Maaser from Income
Should maaser be paid from the gross income or from the net income? Answer: Maaser must be taken from a person’s net income. The obligation of taking maaser applies to… Read more »
Who to Write for Heter Iska
A friend kindly arranged a private loan with interest that will allow me to buy a home. I understand that with the proper heter iska we can make this happen…. Read more »
Buying on Credit in Israel
Sholem I’m I allowed to buy something here in Israel with a israeli credit card in a couple payments if there is a ribis charge on it? Answer: The big… Read more »
Terms of Contract and Heiter Iska
If a loan is made with a secular loan contract and also a heter iskah, does the heter iskah override the terms of the secular contract? I.e., if the secular… Read more »
Heter Iska for Company
When writing a Heter Iska to issue a loan to an LLC – 1. Is it sufficient for 1 member to sign for the company? 2. Do you use plural… Read more »
Obligations of Heiter Iska
If a loan is made under a heter iskah, can the creditor withdraw the money at a time when this would deleterious for the business venture that it has been… Read more »
Saying “Thank You” for a Loan
When paying back a loan, is saying “thank you” ribbis? Answer: No, saying “thank you” is not considered ribbis. Sources: The Gemara and the Shulchan Aruch write that if a… Read more »
Details of Heiter Iska
I am using your english version heter iska contract with a non-religious jew and he is not comfortable with the line “All other profit-making assets of mine (ours) are to… Read more »
Paying Less for Payment Up Front
Reuven took Shimon to secular court without a heter from beis din. Reuven won a monetary claim to be paid out over time. Reuven now offers Shimon a discount to… Read more »
Loan on Condition of Success in Studies
Can one loan money to a student for his college education on condition that the student maintains, for instance, a B average? (If the grade is not maintained, the benefactor… Read more »
Ribbis of Paying Back Past Loan
Someone borrowed money from a friend in the amount of $1000. Much time went by and he never paid it back. The one who lent the money you could say… Read more »
Extending Time for Loan as Ribbis
Someone took a loan from a gemach for a large amount of money and made up to pay back $500 a month. They now need to take another loan and… Read more »
Heiter Iska in Partnership
I am going g-d willing into a partnership. It is on line business to sell vitamins. I would manage the business and my partner would give me his credit card… Read more »
Interest by Means of Partnership
Kavod HaRav, I have a question regarding potential ribit that I observed: Can a jewish owned business provide a Cash Advance to another jewish owned business, if the advance constitutes… Read more »
Brokering a Deal that Involves Ribis
Hello, may a real estate agent broker a deal between two non religious Jews in which owner financing (which I am assuming is ribbis) will be used? The agent is… Read more »
Changing Foreign Currency Checks
I asked the following question from you and received an answer. At the end of your answer you noted: “that this answer does not relate to the possible ribbis issues… Read more »
Interest in Promissory Note
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 »
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 »