Taking Interest: Difference between revisions

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The laws of interest are one of the most complex and relevant laws in today's economy and even in everyday life. See the numerous pages below for the details of arranging loans in a permitted fashion.  
The laws of interest are one of the most complex and relevant laws in today's economy and even in everyday life. See the numerous pages below for the details of arranging loans in a permitted fashion.  
* [[Categories of Ribbit]]: This page includes  
{|
** the definitions of Biblical and rabbinic interest,  
!
** legal subterfuge sometimes which is permitted and sometimes forbidden,  
*[[Categories of Ribbit]]: This page includes  
** the laws of interest on rentals,  
**the definitions of Biblical and rabbinic interest,
** whether it be renting real estate or or utensils,  
**legal subterfuge sometimes which is permitted and sometimes forbidden,
** interest for worker salaries,  
**the laws of interest on rentals,
** lending objects,  
**whether it be renting real estate or or utensils,
** returning stolen money,  
**interest for worker salaries,
** interest with a loan of land or documents,  
**lending objects,
** forgiving interest,  
**returning stolen money,
** ribbit for [[pikuach nefesh]],  
**interest with a loan of land or documents,
** taking interest temporarily,  
**forgiving interest,
** and giving interest to benefit the lender.
**ribbit for [[pikuach nefesh]],
* [[Interest with Non-Jews]]: This page includes  
**taking interest temporarily,
** the laws of interest with a non-Jew, convert, non-religious Jew,  
**and giving interest to benefit the lender.
** lending between several parties some of which are Jewish and some non-Jewish,  
*[[Interest with Non-Jews]]: This page includes  
** Jewish agent for interest deals, debt equity,
**the laws of interest with a non-Jew, convert, non-religious Jew,
** managing someone else's money,  
**lending between several parties some of which are Jewish and some non-Jewish,
** as well as guarantors and co-signers.
**Jewish agent for interest deals, debt equity,
* [[When Is It Permitted to Benefit the Lender]]: This page covers  
**managing someone else's money,
** the topics of gifts or favors from the borrower to the lender,
**as well as guarantors and co-signers.
** whether it be monetary or non-monetary, or even mitzvah opportunities.  
*[[When Is It Permitted to Benefit the Lender]]: This page covers  
** It also relates to a lender benefiting from a borrow's property,  
**the topics of gifts or favors from the borrower to the lender,
** hiring or giving business to the lender,  
**whether it be monetary or non-monetary, or even mitzvah opportunities.
** right of first refusal,  
**It also relates to a lender benefiting from a borrow's property,
** paying taxes, fees, or debt for the lender.  
**hiring or giving business to the lender,
** Payments to or from a third party are a separate discussion on this page as well.
**right of first refusal,
* [[Buying on Credit]]: This page discusses all of the details of  
**paying taxes, fees, or debt for the lender.
** discounts for buying on credit such as subscriptions, early bird specials, or prepayments,  
**Payments to or from a third party are a separate discussion on this page as well.
** benefiting the seller,  
*[[Buying on Credit]]: This page discusses all of the details of  
** contracts with a delivery company,  
**discounts for buying on credit such as subscriptions, early bird specials, or prepayments,
** return policies,  
**benefiting the seller,
** and after the fact transactions established with interest.
**contracts with a delivery company,
* [[Guaranteed Low Prices]]: This page deals with the topic of  
**return policies,
** paying for goods with a delayed delivery,  
**and after the fact transactions established with interest.
** future contracts of commodities,  
*
** and a purchase of a service in advance without assuming risk.  
!
* [[Penalty Clauses]]: This page is dedicated to  
*[[Guaranteed Low Prices]]: This page deals with the topic of  
** penalties and late fees those which are permitted and those which are forbidden as interest.
**paying for goods with a delayed delivery,
* [[Borrowing Commodities]]: This page deals with  
**future contracts of commodities,
** borrowing commodities.  
**and a purchase of a service in advance without assuming risk.
** such as if you want to borrow a bag of flour or dozen eggs from your neighbor.
*[[Penalty Clauses]]: This page is dedicated to  
** Lending commodities as part of a work contract is also discussed here.
**penalties and late fees those which are permitted and those which are forbidden as interest.
* [[Returning Interest That Was Wrongly Collected]]:  
*[[Borrowing Commodities]]: This page deals with  
** What to do with interest that was collected by accident or intentionally and now needs to be returned.
**borrowing commodities.
** Biblical vs Rabbinic interest
**such as if you want to borrow a bag of flour or dozen eggs from your neighbor.
* [[Corporations and Partnerships]]:  
**Lending commodities as part of a work contract is also discussed here.
** A classic iska with all of the terms and conditions are documented here.
*[[Returning Interest That Was Wrongly Collected]]:  
* [[Financial Tools and Interest]]
**What to do with interest that was collected by accident or intentionally and now needs to be returned.
* [[Foreign Currency and Interest]]
**Biblical vs Rabbinic interest
* [[Common Everyday Cases of Interest]]: Some of the common questions dealt with on this page include: borrowing someone's credit card.
*[[Corporations and Partnerships]]:  
* [[Heter Iska]]
**A classic iska with all of the terms and conditions are documented here.
*[[Financial Tools and Interest]]:
**Stocks,
**Merchant cash advance,
**Annuity,
**Selling a loan
*[[Foreign Currency and Interest]]
**Lending or Trading Foreign Currency
**Purchasing a Commodity with One Currency and Repaying with Another
*[[Common Everyday Cases of Interest]]: Some of the common questions dealt with on this page include:  
**Borrowing someone's credit card.
**Keeping the Change when Repaying,
**Selling a Check,
**Exchanging Favors,
**Family Members Lending,
**Loans of Small Amounts,
**Early Bird Specials,
**Car Loans, and
**Opening an Account at an Israeli Bank
*[[Heter Iska]]
**In order to make any loan with interest, which is standard in today's economy, a person needs to sign a heter iska to effectively change the contract from a loan into a partial or complete business deal. The halachot are complex and must be done with an official heter iska documents or reviewed by a rabbi.
|}
 
**


==Links==
==Links==
# [http://www.yutorah.org/lectures/lecture.cfm/826799/Rabbi_Hershel_Schachter/Ribbis Ribbis] by Rabbi Hershel Schachter
 
# [http://www.yutorah.org/lectures/lecture.cfm/773692/Rabbi_Yona_Reiss/Contemporary_Issues_in_Hilchos_Ribbis Contemporary Issues in Hilchos Ribbis] by Rabbi Yona Reiss
#[http://www.yutorah.org/lectures/lecture.cfm/826799/Rabbi_Hershel_Schachter/Ribbis Ribbis] by Rabbi Hershel Schachter
#[http://www.yutorah.org/lectures/lecture.cfm/773692/Rabbi_Yona_Reiss/Contemporary_Issues_in_Hilchos_Ribbis Contemporary Issues in Hilchos Ribbis] by Rabbi Yona Reiss

Revision as of 22:29, 7 July 2020

The laws of interest are one of the most complex and relevant laws in today's economy and even in everyday life. See the numerous pages below for the details of arranging loans in a permitted fashion.

  • Categories of Ribbit: This page includes
    • the definitions of Biblical and rabbinic interest,
    • legal subterfuge sometimes which is permitted and sometimes forbidden,
    • the laws of interest on rentals,
    • whether it be renting real estate or or utensils,
    • interest for worker salaries,
    • lending objects,
    • returning stolen money,
    • interest with a loan of land or documents,
    • forgiving interest,
    • ribbit for pikuach nefesh,
    • taking interest temporarily,
    • and giving interest to benefit the lender.
  • Interest with Non-Jews: This page includes
    • the laws of interest with a non-Jew, convert, non-religious Jew,
    • lending between several parties some of which are Jewish and some non-Jewish,
    • Jewish agent for interest deals, debt equity,
    • managing someone else's money,
    • as well as guarantors and co-signers.
  • When Is It Permitted to Benefit the Lender: This page covers
    • the topics of gifts or favors from the borrower to the lender,
    • whether it be monetary or non-monetary, or even mitzvah opportunities.
    • It also relates to a lender benefiting from a borrow's property,
    • hiring or giving business to the lender,
    • right of first refusal,
    • paying taxes, fees, or debt for the lender.
    • Payments to or from a third party are a separate discussion on this page as well.
  • Buying on Credit: This page discusses all of the details of
    • discounts for buying on credit such as subscriptions, early bird specials, or prepayments,
    • benefiting the seller,
    • contracts with a delivery company,
    • return policies,
    • and after the fact transactions established with interest.
  • Guaranteed Low Prices: This page deals with the topic of
    • paying for goods with a delayed delivery,
    • future contracts of commodities,
    • and a purchase of a service in advance without assuming risk.
  • Penalty Clauses: This page is dedicated to
    • penalties and late fees those which are permitted and those which are forbidden as interest.
  • Borrowing Commodities: This page deals with
    • borrowing commodities.
    • such as if you want to borrow a bag of flour or dozen eggs from your neighbor.
    • Lending commodities as part of a work contract is also discussed here.
  • Returning Interest That Was Wrongly Collected:
    • What to do with interest that was collected by accident or intentionally and now needs to be returned.
    • Biblical vs Rabbinic interest
  • Corporations and Partnerships:
    • A classic iska with all of the terms and conditions are documented here.
  • Financial Tools and Interest:
    • Stocks,
    • Merchant cash advance,
    • Annuity,
    • Selling a loan
  • Foreign Currency and Interest
    • Lending or Trading Foreign Currency
    • Purchasing a Commodity with One Currency and Repaying with Another
  • Common Everyday Cases of Interest: Some of the common questions dealt with on this page include:
    • Borrowing someone's credit card.
    • Keeping the Change when Repaying,
    • Selling a Check,
    • Exchanging Favors,
    • Family Members Lending,
    • Loans of Small Amounts,
    • Early Bird Specials,
    • Car Loans, and
    • Opening an Account at an Israeli Bank
  • Heter Iska
    • In order to make any loan with interest, which is standard in today's economy, a person needs to sign a heter iska to effectively change the contract from a loan into a partial or complete business deal. The halachot are complex and must be done with an official heter iska documents or reviewed by a rabbi.

Links

  1. Ribbis by Rabbi Hershel Schachter
  2. Contemporary Issues in Hilchos Ribbis by Rabbi Yona Reiss
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