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 »
Category: Interest on loans
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 »
Heter Iska for Interest Loan
i am buying a home from my father he is giving me a private loan with interest charging current interest rate, how can i make payments to avoid ribbis? Answer:… Read more »
Selling Gift Card for Cheap
is it permissible to purchase a gift card at a discount from its recipient or is the transaction prohibited as Avak Ribbis? Answer: This is permitted. A gift card has… Read more »
Applying Heter Iska to Old Loan
My father took a loan on his house to pay for an extension on mine six months ago. He has been paying the loan until now. Can I make a… Read more »
Paying Mortgage Loan with Interest
I bought a house a little while ago and could not get approved for a mortgage so my father-in-law took out the mortgage for me and I’m paying the bank… Read more »
Returning Extra Pills
My not-so-frum-yet relative borrowed some pills from a neighbor of mine. He then got his prescription filled and wants me to return the borrowed pills for him. (That was what… Read more »
Exchange Rate for Repayment
I borrowed a large sum of money from a relative. The money got sent to my account in Sterling and then transferred from Sterling to shekels. (They preferred it should… Read more »
Ribbis in Extra Payment for Late Salary
I did some work on a project for someone else. When the project was complete the employer was late in sending me my paycheck. After a few months he wired… Read more »
Loans from Banks with Jewish Shareholding
Can you please explain why we borrow from publicly held banks, despite that there are stockholders who are Jewish? Answer: There are a number of reasons why this is not… Read more »
Returning Different Brand of Cigarette as Ribbis
Hi, I was wondering, if someone gives me a carton of cigarettes on condition I give him back a carton, may I give him back a better brand,better quality cigartettes,… Read more »
Interest on Payments to State
I just got a form from Bituach Leumi asking me to pay over 4500 shekels for next year’s Bituach Leumi contributions. They offer the option of paying in one payment… Read more »
Fines for Late Payment
I work for a utility company and was told by my boss to add a late payment charge for chronic late paying customers every month. Please advise regarding the halacha… Read more »
Discount for Cash Payment
If the seller gives the option of paying in cash for a small discount as opposed to paying in card or check, is this considered Ribbis? Sources are appreciated. Answer:… Read more »
Lending out Car
Is there any issue with my giving my daughter my car after she marries this upcoming week and having her make the payments on my car loan. It will still… Read more »
Lending a non-Observant Jew with Interest
I have a friend who is no longer religious and he asked me for a loan am i able to lend with ribis if he is not keeping kosher or… Read more »
Depositing Check in Bank
I made a loan to someone and the terms where to pay $500/month. I asked the borrowers if he could do me a favor and deposit the check he made… Read more »
Late Fee Clause in Rental Contract
Am I allowed to add a late fee clause in a lease for a Jewish tenant? Is it ribis? Answer: It is permitted to add a late fee clause in… Read more »
Heter Iska Today
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 »
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 »