Financial Assistance with Concern of Ribit
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Question
Hello, My father wants to provide me with financial assistance. I know that his bank account is overdrawn, and when he gives me a loan, it increases his overdraft. Is there a problem of "before a blind person" in accepting money from him? Although the bank has a heter iska, the interest rates are high. Thank you.
Answer
Hello,
According to the main halacha, it is permissible to rely on the heter iska of the bank, which aligns with market credit rates.