#135 - Understanding Halacha, History & Change: Taking Interest on a Loan (feat. Dayan Y. Posen)

The Torah explicitly forbids lending money at interest, yet the Hetter Iska document seems to allow it.

Is it legal? Should we all have one? Did the 17th century create a watershed moment?

 

Chapters

00:00 Introduction and Overview

02:26 The Historical Context of Money in Jewish History

08:11 The Role of the Vaad Arba Arotzos in Creating the Hetter Iska Document

11:29 Navigating Financial Transactions within the Framework of Halacha

19:27 Understanding the Document

35:04 The Prohibition of Ribis (interest bearing loans)

43:18 Different Types of Hetter iska