Rabbi Beth says, Jewish lenders may not charge Jews interest. - TopicsExpress

Rabbi Beth says, Jewish lenders may not charge Jews interest. Exodus 22:24; Leviticus 25:36-37; Deuteronomy 23:20-21, Ezekiel 18:8,13,17; 22:12; Psalms 15:5; and Proverbs 28:8, Yoreh Deah 159-177. To do so is equated with murder. However, in today’s Jewish world, a legal fiction (heter iska) is created so a Jewishly owned bank is theoretically “in partnership” with the Jewish debtor. An exception is found in interest-free loans available for educational purposes. While Jews and non-Jews may generally charge each other interest, usury (excessive interest) is prohibited by Jewish law as oppression. Today’s banking systems are entities that operate without the public good in mind. Their goal is to make money, rather than be of service to their communities. While some banks have worked to change their corporate image and be helpful community participants, they are not charitable institutions. Most U.S. banks work to make a profit, operating without a strong moral compass.

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