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 »
Category: Interest on loans
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 »
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 »