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Lending with InterestKnowledge Base » Torah, The » Halacha (Torah law) » Halachic Concepts & Issues » Lending with Interest
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Question: A good friend of mine loaned me some money from his line of credit, and now needs to pay interest on that amount. Can I pay him for that interest which he himself is paying to the bank, or is it forbidden to pay him more than the amount that he ...
The greatest form of charity
Lending money is the highest form of charity, far greater than giving handouts. A handout may preserve a life for a day, but a loan preserves that sense of self-sufficiency necessary to get back on your feet.
Why does the Torah forbid lending money with interest? The "Culture of Dependency" created by many welfare states can provide some insight in this area...
This week's Torah reading speaks about the prohibition of lending money on interest. The problem with lending on interest is that the money has now passed on to the other party, yet I continue to receive benefit for the use of the money despite its no lon...
Torah law forbids charging interest for a loan, but with a heter iska form, one is permitted to profit on invested capital. Is this not a violation of the spirit of the law? What indeed is the “spirit” of this law?
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