Loan with Interest from a Charity Fund
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Question
Is it permissible for a charity trustee to lend charity funds with interest for the benefit of the fund?
Answer
Interest that is forbidden by the Torah is prohibited. However, there are leniencies regarding interest that is prohibited by rabbinic decree.
Source
Shulchan Aruch, Yoreh De'ah, Siman 160, Se'if 18, Shach, Sifkat 26, and Pitchei Teshuva citing Shu”t Noda B'Yehuda.
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