Fwd: Business Halacha Daily

---------- Forwarded message ---------
From: Bais HaVaad Halacha Center <info@baishavaad.com>
Date: Wed, Nov 24, 2021, 9:30 AM
Subject: Business Halacha Daily
To: <agentemes4@gmail.com>

Is it Permitted to Have Ribbis Paid to a Third Party?

Is it Permitted to Have Ribbis Paid to a Third Party? Case: My friend is about to make a business deal and is short $50,000. He asked me to lend him the money for a few weeks and said he is willing to give back $5,000 extra. I'm not interested in relying on a heter iska, so I told him to just give the $5,000 to tzedakah. Question: Is this permitted?   CLICK BELOW TO WATCH THE VIDEO Rav Yosef Dovid Josilowsky Answer: This is an example of someone getting into bigger halachic issues because he doesn't want to rely on a heter iska.  The general halacha is that ribbis is only forbidden if it is given from the lender to the borrower, and not if it is given to a third party. If, however, the lender tells the borrower to give the money to the third party, it is indeed forbidden.    For the most part, it would be preferable to use a heter iska than to make an arrangement like this.  To view past shiurim, please visit baishavaad.org/daily. If you have any questions related to these shiurim, you can reply directly to this email. Dedicated by Mr. And Mrs. David Steinmetz of Steinmetz Law LLC  לע״נ ר׳ אברהם ברוך בן יעקב יצחק ז״ל, פריידא נעכא בת ר׳ מאיר הערץ ע״ה OR SEARCH "BUSINESS HALACHA DAILY" VIA YOUR FAVORITE PODCAST VENUE

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