CASE 01 · FILE 05/09 VERIFIED
Heter iska
CLAIM
Charging interest between co-religionists is forbidden.
MECHANISM
THE LOOPHOLE — ACCEPTED
The loan is restructured as a partnership: you are not a debtor but a partner, and the bank takes a share of profit rather than interest. The rabbinical court’s own wording: it "preserves the economic benefits of debt without violating the prohibition of ribbit".
SOURCES 1
"Debt, Equity, and the Tricky Case of the Iska", Beth Din of America bethdin.org → WORK · stands on
at the bank they take no interest — they take a share.
you're not a debtor, you're a partner there.
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