Heter Iska for Those Without Land
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Question
I want to deposit money in the bank in a weekly deposit, and after a week I will receive the money (60,000) with an addition of approximately 17 shekels. I do not own any land, so the question is whether the bank's heter iska is effective?
Answer
Shalom Rav
You are correct that it is not possible to conduct an iska without the borrower having a business or land considered as a business.
However, in this case, you are the lender and not the borrower, and the bank, which is the borrower, has many lands and businesses, so there is no issue with this.