Interest in Jewish Law: 4 Important Halachot About Loans, Banks, and Non-Jews
Learn the halachic rules governing loans with non-Jews, bank interest, joint ownership, and interest-free loans between Jews
Learn the halachic rules governing loans with non-Jews, bank interest, joint ownership, and interest-free loans between Jews
Discover the practical laws of interest, including common shopping scenarios, debt forgiveness, and everyday financial transactions according to halacha
Learn practical laws on the Torah's prohibition of ribit (interest) and avoid common mistakes in everyday borrowing and lending
Learn the difference between forbidden interest and permitted extra payments with four practical examples from Rabbi Pinchas Wind's Brit Pinchas.
It's not only the lender who is not permitted to charge interest; everyone involved in the deal, even the person who writes the contract, must avoid this Torah prohibition