Rav Yitzchok Grossman , Rosh Kollel of Greater Washington and Dayan at the Bais HaVaad Question: Many people use heter iskas when giving loans. Essentially, a heter iska restructures a loan as a business investment so that the lender…
Rav Yitzchok Grossman , Rosh Kollel of Greater Washington and Dayan at the Bais HaVaad Question: There are typically two types of loans: loans given to poor people who need the money to live, and loans given to…
Rav Yitzchok Grossman , Rosh Kollel of Greater Washington and Dayan at the Bais HaVaad Question: Generally, when someone gives a loan, we don’t view it as a loss to the lender; however, there are instances when a lender may…
Case: Reuven is walking down the street with $20 in his pocket, not meant for any specific purpose. Shimon comes over and asks to borrow $20. Question: Does he have a chiyuv to lend Shimon the money? Answer: In general,…