Question:

Is it permissible to open a merchant cash advance brokerage – to be the “shadchan” between funders and merchants?

Is it assur to send a jewish owned merchant cash advance funding company a deal as a brokerage – “shadchan”. If yes, why?

Thanks. Please advise

Answer:

This sounds like real ribbis, and you can only be a broker if the two parties make a proper heter iska. Both sides should understand the form that they are signing, in th sence that they are essentially turning the loan into a joint business venture, and that the interest payments are frm now on be considered the profit of the business venture.

You can find a heter iska form here https://dinonline.org/category/usefull-forms/

Best Wishes

 

Sources:

Y:D 160-1

Tags: forbidden interest ribbis

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