Interest Archives - AskTheRav

What is the Chabad position on purchasing State of Israel Bonds?

There might be serious halachic issues involving the prohibition of ribbis. Poskim have dealt with this issue and suggested various approaches. See also here about the general topic of…

I put a 2/3 down payment on my credit card for a Pesach program in Israel. Due to the medical rules, the program is cancelled. Does the organizer owe me the down payment back? Can I negotiate to apply the down payment towards a greater share in next year’s program (e.g. 4/5, or complete) or is it a problem of ribis?

This response is only on a general level and various technicalities can change the result of the answer. For example one needs to see what was written on the…

I asked a family member for a large loan and he was not able to give me one. However, he offered to give me from his bank (home equity) line of credit which charges interest of approximately 6%. I assured him that any interest charges he incurs I will repay so that he does not lose anything for giving me the loan. We want to ask if there is any problem with doing this?

The loan was for a little over a month and the repayment would be sent directly to his bank, not to him. Answer: If the bank holds your…

Can a Jew pay interest to another Jew when ordered by a court of law?

What happens if somebody buys your (a Jew's) bank note that you owe the bank and that person is a Jew himself (an attorney collection firm). Now he is suing…