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 »
Category: Interest on loans
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: My name is Jonathan Lefkovits. 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… 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 »
Debt and Interest
Question: Three years ago, we bought an apartment from a Jew who is committed to the Torah way of life. My husband paid with checks that didn’t go through for… Read more »
Conditional Air Conditioner
Question: For years we have been living very well without air conditioning. I guess my apartment has particularly good ventilation, and we managed, even on the hottest days of… Read more »
Pay in Advance
Question: My daughter wants to take piano lessons. The music school has a policy that parents have to pay for the whole year in advance. Is that permitted? I… Read more »
Ribis question
Question: We live in Israel. There’s an organization in the floor below us that uses our electricity. They have a meter connected to our meter and they pay their part… Read more »
Jewish contractor paying gentile workers for the Jewish customer
Question: 1. I wish to contract a gentile moving company whom a frum, Jewish contractor found for me 2. If I pay the moving company directly after they finish, they… Read more »
Pensions Funds and Ribbis
Question: What do I need to do to avoid any ribbis problems in my Israeli pension. Must I sign for the “kosher” option? Answer: This would depend on the details… Read more »
Heter Iska for House Sale with Mortgage
Question: We are attorneys representing a seller who is selling a multi family home to a Jewish couple whose attorney has forwarded us a Heter Iska form. Our client is… Read more »
Borrowing Credit Cards and Ribbis
Question: my friend let me use his credit card to buy shirts on line which were on sale for $100.00. a few weeks later i sent it back because of… Read more »
Ribbis for Prepay Tuition Rebate
My child’s yeshiva requires I purchase insurance to cover the cost should I elect to move away, switch schools, the child gets sick etc. the premium is 1.8% of the… Read more »
Loan Arrangement
The lender wants to lend 1,000 shekels to his friend, the borrower. The lender will give the borrower a check in shekels. Can the borrower pay him back in cash… Read more »
Repaying Loan
If I lend money to someone for a week, and I give him a deposit slip to make the deposit for me into my bank account when the loan is… Read more »
Credit Union Loan
Am I allowed to take a loan from a credit union. The requirements to take a loan 1. you must become a member. 2. Have a checking and saving account… Read more »
Forced Repayment
When someone lends you money and you do not pay back, the person can come and steal your money or force you to sell something from your membership, to pay… Read more »
Ribbis for Club Lending
There is an investment where I give money to a certain club. This club lends money to people, Jew or non jew for interest.I’m not doing the lending. I receive… Read more »
Ribbis for Returned Deposit
Hello, I arranged to sell my house to a third party. Documents were signed and a deposit was placed in escrow. My health [and the buyer’s too] deteriorated to the… Read more »
Ribbis with Compensation Gift
I ordered something from a shop and when it arrived, part of the order was missing. I complained and they offered to send it with the next order, along with… Read more »
Loan Honesty
Hi. 1) Is there any justification in somebody over-exaggerating (outright lying) his/her income whilst applying for account/loan/mortgage/credit card? 2) Let say a bochur receives £100 pounds monthly from his parents… Read more »
Family Loan
I would like to receive a family loan to purchase a house. In essence it can either be structured as long term, non-interest baring loan, or as an iska. The… Read more »
Overpaying Credit Card Loan
My mother uses my credit card to help me build up reward points. She repays whatever she spends to my account. Sometimes she adds a little extra and then she… Read more »
Ribbis with Returned Purchase
On 15 Teves a תשובה was posted that allowed returning an item to a Jewish store for a full refund even though the item was used. The סברא given was… Read more »
Returning Purchase
I bought an item in a Jewish store who has a 30 day money-back return policy. I did use the item for a week and now want to return it…. Read more »
Credit Card Interest and Ribbis
Someone used my credit card and we agreed that she is responsible to pay the bill on time. She didn’t pay on time and we now have to pay interest… Read more »
Credit Card Points
If you use someone’s credit catdand you pay the bill Who owns the points Answer: Unless some agreement was worked out in advance, the points would belong to the cardholder…. Read more »
Heter Iska without Signing
Hi. My company A borrows money from another company B. Company B is a shareholder in Company A. Both companies are owned by Jews. Company B refuse to sign a… Read more »
Early Bird Camp Discounts
Is there a problem of ribbis when a camp, which is registered as a limited liability company, offers a cheaper price to those who pay in full at an earlier… Read more »
Equity Investment Ribbis
I am buying a cash flowing property and receiving a preferred equity investment from an institutional source (Fundrise) which does crowd funding. Fundrise was started by Jews but now has… Read more »
Credit Card Purchase
As a Company we accept payments from customers made via their credit cards. We are charge by the bank for each transaction a fee of 0.67% of the transaction. 1…. Read more »
Credit Card Minimum Purchase
I went to the grocery to buy and the bill was 9$ I paid with my credit card and he told me I need 10 $ to pay so I… Read more »
Loan for Attorney
Alfred is a mergers and acquisition lawyer. He works independently and is just starting off in this field. Alfred lands a big client, but Alfred needs money to pay off… Read more »