Interest on payment to a contractor
This question and answer were automatically translated using our trained AI and have not yet been reviewed by a qualified rabbi. Please treat this translation with caution.
Go to original →
Question
I had work done by a contractor and delayed paying him, and now, according to the contract, I have to pay more. Is this considered prohibited interest (ribbit)?
Answer
If it is written in the contract that it was made according to a heter iska, it is permitted to pay. If not, it is not permitted to pay. [However, another person may pay the contractor, provided that he does not stipulate with the debtor that he will later reimburse him for what he paid on his behalf].
Source
Yoreh De'ah 176
Comments
Have an additional question on this topic or need clarification? Leave your comment below. (Please note that the comment will not be published but will be sent directly to the answering Rabbi for review and a private response)
