Interest on Purchase Payment

Interest on loans

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

A father asked his son to buy a specific item for him, the price was 13.80 NIS, and the father paid his son a round sum of 15.00 NIS. Is this considered interest?

Answer

Hello

If the son paid for the father, and the father pays him more than it cost, it is considered interest according to the Torah, as it adds an amount to the debt.

If the father does not want to receive the change, he can tell the son that the addition is for the effort of the purchase.

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 (Please note that the comment will not be published but will be sent directly to the answering Rabbi for review and a private response)

Please sign up or log in to submit your comment

Become our patrners in supporting and spreading the Torah

Help us answer more questions faster and better

Join the mission