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You are here: Home / Archives for Matters of interest

A Matter of Interest: The Laws of Ribbit The Severity of the Prohibition

September 6, 2018 by shcassist

A Matter of Interest: The Laws of Ribbit The Severity of the Prohibition

By HaRav David Grossman, Rosh Bet HaVaad   WHAT IS RIBBIT? The Torah prohibits borrowers and lenders from entering into a loan transaction with a fellow Jew that includes an interest obligation (VaYikra 25:35-36, Devarim 23:20, Shemot 22:24). Even if the loan was already illicitly made, it is further prohibited to follow through and actually pay or receive ribbit. In … [Read more...]

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