This question is about practical differences in receiving a loan from a "Heter Iskah" certified bank and from not certified one, with the same term and percentage.

In other words, besides the background Halachic permission, are there any ramifications for the borrower?

  • I'm not sure and certainly can't source it but suspect that payment of the interest may forbidden on the latter loan. Perhaps someone can flesh this out into an answer if it's correct. – msh210 Aug 12 '18 at 14:15
  • @msh210 forbidden is not practical :) Are there any differences in payments, liability, pledge etc? – Al Berko Aug 12 '18 at 15:49
  • I fail to understand your comment. If it's forbidden to pay the interest, that's a practical difference: one won't be paying the interest. – msh210 Aug 12 '18 at 21:42

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