Question: shalom, my friend bought me a ticket to a shabbat dinner and said you can pay me back. When i payed him back i gave him 40$ when the… Read more »
Category: Interest on loans
Re: Land Contracts
Question: I want to clarify Land Contract payments are usually with interest calculated into the actual monthly payment even when there is no late payment. Is that not a problem… Read more »
Heter Iska when buying with a land contract
Question: Do you need a Heter Iska when buying a property through land contract? Answer: Essentially it is a sale, and would not need a heter iska, but if there… Read more »
Kosher Investment Fund
Question: I inherited an IRA account. From what I can tell, the investment company, Vanguard, invests the funds in a wide range of stocks in various stock markets around the… Read more »
Must one return change of over-payment
Question: The lessor received payment from the lessee of $260 when the charge (beknowen to the lessee) was $257, does change need to be returned? Answer: It depends when the… Read more »
heter iskah
Question: I am a 50% partner in an Israeli company(the other 50% partner is Jewish)and I have taken a private loan from the company. Prior to me having the Heter… Read more »
To what limit can 1 jew charge another jew Interest with a heter iska.
Question: To what limit can 1 jew charge another jew Interest with a heter iska. Answer: There is no limit how little one Jew can charge another, as even a… Read more »
Is it a problem for me to take out a loan and my father cosigns it?
Question: Is it a problem for me to take out a loan and my father cosigns it? Answer: If the loan is from a gentile there is no problem with… Read more »
ribit
Question: if i use someones credit card and pay him cash for what I bought while he pays the bill is that okay? thank you very much Answer: If you… Read more »
are there any ribit issues if i use my mothers credit card.
Question: Are there any ribit issues if I use my mothers credit card. the credit card company may charge interest and if I use it then my mom pays the bill… Read more »
Can a Jew lend the money of a non-Jewish?
Question: If a lender is Jewish but his investor is a non-jew, can a Jew borrow money with interest from him since hundred percent of the money is from a… Read more »
mortgage
Question: is it ok for my dad to take a loan from the bank on behalf of my sister who wants to go to grad school? thank you Answer: Please… Read more »
Is paying interest to a gentile considered ribit?
Question: Is paying interest to a gentile considered ribit? Does it have to be a Jew to be forbidden, or also if its to or from a non jew? Answer:… Read more »
ribit and loans
Question: Does ribit only apply to loans? If not what else does it apply to? thanks Answer: You are asking an important question. Yes, ribit does not only apply to… Read more »
Ribbis
Question: If my father in law takes out the mortgage for the house I am buying, and I am paying the monthly payments (from income of the basement+) is it ribbis?… Read more »
Thanking Party in Heter Isks
Question: May one thank “lender” party in Heter iska arrangement? Thank you Answer: If it is a valid, heter iska agreement, then essentially it is a business deal, and this… Read more »
Ribis for a relative
Question: My brother-in-law wanted to borrow my van to do carpool from camp. I asked him since he is going to the camp, if he can save me a trip… Read more »
Accepting extra pay for babysitting- Ribbis?
Question: Hello, I wanted to know if accepting extra money for a babysitting job is allowed, and if not, must it be returned? A price per hour was agreed upon…. Read more »
May two professionals split all profits?
Question: Mr. A & Mr. B are two independent professionals, Mr. A works on Sundays and Wednesdays and Mr. B works on Mondays and Tuesdays. May they make an agreement… Read more »
Ribbis if higher price for installments?
Question: I am signing up for an online (video-based course) there is one price if paid in full and another is paid in installments. Is there a ribis issue here?… Read more »
May a seller offer a reward on a sale, which he explicitly limits only to cash (not credit) sales?
Question: May a seller offer a reward on a sale, which he explicitly limits only to cash sales? Is the buyer’s forfeiting the receipt of the reward in exchange for… Read more »
Credit card and Ribis
Question: Ruvein has a credit card in the name of Shimon. however all correspondents of the card is at Ruvein’s address, because according to the bank Shimon has a moved… Read more »
May I pay an extra fare of 5.70 when I only owe a balance of 5.30 for a bus trip?
Question: I boarded a bus and inserted my pay-card into the pay machine to pay a fare of 11.00 Shekels. The driver accidentally pressed the wrong button and the machine… Read more »
Why isn’t paying for a lottery/raffle ticket a ribbis problem?
Question: The prohibition of “PSIKA” forbids paying for a purchase in advance of receiving the item purchased if the seller will not charge the buyer more in the case of… Read more »
Favor for landlord-ribbis
Question: Hi, I owe my landlord a past due rent, and they are kind about it due to their knowledge of our unfortunate financial situation. Can I give them items… Read more »
RIBBIS
Question: my parents are buying a house. i was planning to invest as well. however i don’t have the cash flow at this time. they are going to lend me… Read more »
Is there a question on ribbis by tax
Question: I lent someone 2 dollars to buy a soda it cost 1.75+tax=1.90 if he pays me the extra 15 cents of tax is that ribbis Answer: the extra15 cents… Read more »
Ribbis
Question: I borrowed someone’s car. When I returned it I parked by a meter. I paid the meter for the lender for an hour. Would that be a problem of… Read more »
Retroactive Heter Iskah
Question: Shalom, I took out a commercial mortgage from a bank on an investment property that I had purchased. I found out afterwards that this small bank is majority owned… Read more »
Ribbis when someone lays out money
Question: 1) Sixteen boys rented a tender. The price was 150 shekel. They didn’t each have exact change to split the bill, so they decided that one boy would pay… Read more »
Loan between companies.
Question: The Israeli law mandates ribit (at least ~ 2%) for every loan between companies. Do we need Heter Iska between companies? Toda raba Answer: There should be a heter… Read more »
Borrowing dollars and paying back sterling.
Question: If a person borrows money in dollars and gives it back in sterling some months later, is he obligated to follow a particular exchange rate – at the time… Read more »
Letting someone I owe money to, use my apartment for free.
Question: Shalom,the question is: I own to my friend couple of hundreds of dollars and now he going to Russia where I have apartment ,and he asked me to stay… Read more »
Credit card that I let someone else use, can he pay for the late fee and interest?
When you let someone use your credit card , you are essentially taking a loan upon yourself from the credit card company, because you alone are the one liable to… Read more »
paying library fee
Question: I borrowed some books from the library for my sister; she was late in returning them and said that I shouldn’t worry, she will pay the fines. Am I… Read more »
חיסכון לכל ילד ביטוח לאומי
Question: we are in the midst of registering children for the חיסכון לכל ילד accountant said for american tax reasons we should use your bank as the option for the… Read more »
Is Charging interest with a Heter iska a heter, or is it 100% allowed
Question: Hi, I work as an underwriter for an Israeli fund. The find raises money from Israeli investors, and gives loans with interest to both Jews and non-Jews in the… Read more »
Is it Ribbis to pay back a loan directly to a Goyish bank on behalf of another Yid?
Question: Lichvod haRov Fleischman shlit’o, My son had an idea which would benefit both of us: I have a large outstanding credit card bill with a high interest rate, and… Read more »
Re the new Child Saving Plans from Bituch Leumi
Question: Lichvod haRov Fleishman shlit’o, As American citizens we are told by our accountants that we cannot do the Kupot Gemmel since they will be highly taxed every year, plus… Read more »
ribbis with accrued miles of credit card
Question: Is there an issue of ribbis, if my friend uses my credit card, and pays me back in cash right away. However, by using my credit card, my friend… Read more »
Taking money for a bounced cheque
Question: Someone paid me with a cheque that bounced.Am i allowed to ask him,not only for another cheque but also for the charges that i incurred?dovid Answer: You may ask… Read more »
Heter Iska in real estate dealings
Question: Hello. we are setting up a property syndicate company [in the UK] with the following details and wanted to know if we need a heter Iska, the process is… Read more »
Ribis on my fathers credit card, when he also gives me an allowance
Question: I would assume when a woman lends her credit card to her husband and the husband pays the interest of the credit card (or vice versa), it is permitted… Read more »
Loan on interest
Question: I run a business outfit that gives loan on interest (10% monthly) to people, mostly non-Jews. A Jewish brother who knows that I run that outfit needed a loan,… Read more »
Lending Jobs
Question: I’m a sophomore at NYU studying Finance and Economics. I’m quite interested in Real Estate Finance and I was wondering what restrictions I would have with regards to careers… Read more »
Ribis when buying plane ticket
Question: Is there an issue of ribis to buy a plane ticket from an airline like El Al (Jewish owned) where if you pay in advanced they give you a… Read more »
Is the interest on this Heter Iska compounded if that is not stated?
Question: I borrowed money from a family member over 15 years ago to save my home. Due to health and other factors, unfortunately I have not been able to repay… Read more »
Heter iska
Question: My nephew leased a car on my name do I need a heter iska Answer: If you are not paying any interest or the company is non Jew owned… Read more »
Loaning mony to another
Question: If I borrow money on a credit line, which I lent to another, and when this other repays me , am I allowed to accept also the interest charged… Read more »
Ribbis
Question: Can i put a fine for paying rent late in my contract? Answer: Many do, but add “based on the heter iskar printed in the Chochmas Adam” or something similar. Sources:… Read more »