Thursday, August 22, 2024

Fwd: Business Halacha Daily


---------- Forwarded message ---------
From: Bais HaVaad Halacha Center <dovid@baishavaadhalachacenter.ccsend.com>
Date: Thu, Aug 22, 2024, 8:01 PM
Subject: Business Halacha Daily
To: <agentemes4@gmail.com>


Using Ma'aser Instead of Charging Interest


Question: I have a friend who is struggling in business. He needs an interest-free loan to stay afloat and he asked me to lend him the money, explaining that he is only able to pay it back if no interest is charged. Can I give him the loan interest-free and then deduct the amount I would have charged as interest [using a heter iska] from my ma'aser account?


CLICK BELOW TO WATCH THE VIDEO

Presented By Rav Baruch Fried


Answer: I saw a similar shailah in a sefer. An individual had some money that he intended to invest in a specific stock. Before he did so, he was approached by a friend who needed a loan. This person decided that he would use the money to give the loan rather than investing it; however, he wanted to deduct the amount he would have gained from the investment from ma'aser. The sefer ruled that he could not do so because it would be a violation of ribbis, being that the lender is benefiting financially from giving a loan. 


I would disagree with this conclusion. Ribbis is an issue when a lender is receiving a benefit from the borrower for lending him money. In this story, the benefit is coming from a third party, not from the borrower, so I don't think this would classify as ribbis.


However, even if this is not ribbis, I would still find it improbable that one could "do business" with ma'aser in this way.


Rav Moshe Feinstein zt"l does say that if someone wants to give his friend a loan, he can take out a loan with interest from a non-Jewish bank, and use that money to give his friend an interest-free loan. He can then deduct the amount he is paying for interest from ma'aser. It seems to me that while this is permitted, it wouldn't be permitted to deduct from ma'aser an imaginary profit that one potentially could have earned.


A proper solution would be to lend the money with interest (with a proper heter iska) and then forgive the interest payments, with the lender having in mind clearly that he is counting the money he is forgiving as tzedakah and taking it out of his ma'aser.

For more information on the Business Halacha Daily project, visit https://baishavaad.org/business-halacha-daily/

To sign up to the BHD WhatsApp group click click HERE.

Any comments? We welcome your questions and feedback. Please reach out to us! info@baishavaad.org | 888.485.8223

OR SEARCH "BUSINESS HALACHA DAILY" VIA YOUR FAVORITE PODCAST VENUE

For more information on the Yorucha project, visit Yorucha.org/about/.

For the full topic syllabus,visit Yorucha.org/curriculum/

Feedback? yorucha@baishavaad.org | 888.485.8223 ext.302

Bais HaVaad Halacha Center | 290 River Ave. | Lakewood, NJ 08701 US

Unsubscribe | Update Profile | Constant Contact Data Notice

No comments:

Post a Comment