Money received from a fund with possible interest (ribit) concerns | Interest on loans | Ask the Rabbi - SHEILOT.COM

Money received from a fund with possible interest (ribit) concerns

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Question

The daughter has a savings plan that is not in a ‘Keren Halacha’ (halachic fund), and she wants to transfer it. What should be done with the money that went in before she transfers it?

Answer

There is no remedy for the money that is already there, since there is no one to return it to. All the money should be transferred to a halachic savings plan.

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