Wednesday, May 26, 2010

Halocho #576 - 0% interest on loans

The Torah prohibits charging interest and paying interest to fellow Jews.
The Torah allows charging interest and paying interest to non-Jews.

A person who lends money to a Jew and charges interest, has transgressed six Torah commandments and - if he doesn't repent - will not awaken at Techiyat Hameitim - when the dead will be revived at the End of Days.

The person who borrows the money transgresses three Torah commandments.

The scribe, witnesses, co-signer and middle-man all transgress one Torah commandment.

Source: Kitzur Shulchan Aruch 65:1, 2, 4, 5, 9, 10

- Danny
Wednesday, 13 Sivan 5770

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