Iska Templates
Consulting with a Rav is always recommended
Prominent Rabbonim and Poskim reviewed the Ribbis Awareness Iska Templates.
However, due to the complexity of Hilchos Ribbis, it is still advised to have a Rav review your document to ensure that no mistakes have been made, and the instructions were understood and followed properly.
Contact the בית הוראה
718-233-3845 #201
Only use if you are sure you choose the correct template, as even a small factor may change the Halacha.
Loans
Guarantor Co-borrower
When borrowing from a non-Jewish Bank or private and the Guarantor is Jewishהיתר עיסקא פרעון אחד
פלגא מלוה
להשקעה/ הלוואה שהפרעון הוא בפעם אחד
היתר עיסקא פרעון חודשי
פלגא מלוה
Monthly payment of profits with principal repayment at the end of term
Iska one-time pay
Palga Milve
Repayment of principal and profits in a single payment at the end of the loan term
ערב קבלן על הלוואה שיש בו ריבית
כשלוה מגוי והערב הוא ישראלהיתר עיסקא כולו פיקדון
For higher profit (interest) payments
Mortgages
Whenever multiple parties are involved in a mortgage, a proper heter iska is required.
בית על שם אחר
Holding a mortgage in someone else’s name (e.g., relative)
בית עם ערב קבלן
Mortgage with a Co-signer/Co-borrower/Guarantor:
שותפים קונים בית על שם אחר
Partners holding a mortgage in someone else’s name (e.g., relative)
שותפים בבית ורשום רק על שם אחד
Partners buying a property and is being registered only in the name of one partnerבית של שותפים
Partners receiving a mortgage
For a joint loan with all names on
the mortgage
הבהרת המציאות
There are multiple types of iskas. If you are unsure that you have found the Iska that is suitable for your case, reach out to the Beis Horaah for help.
Or see the Common Ribbis Questions
Credit Cards \ Line of Credit
קו אשראי של אחר
A friend’s Line of Credit
When receiving funds from a Line of Credit that is on someone else's nameכרטיס אשראי של אחר
A friend’s Credit Card
When using a credit card that is registered in someone else's name or for an additional cardholder (to draft before use)Car Financing
קניית רכב עם ערב קבלן
Car Financing with a Cosigner
When receiving funds for car financing with a cosigner (to draft before use)קניית רכב על שם אחר
Car Financing registered in someone else’s name
When receiving funds for car financing in someone else's name (to draft before use)