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

Money received from a fund with a concern of interest (ribit)

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Question

My daughter has a savings plan, and it is not in a halachically approved fund. She wants to transfer it. What should be done with the money that was deposited/earned before she makes the transfer?

Answer

There is no remedy for the money that is already there, since there is no one to return it to. He should transfer all the money to a halachically acceptable plan.

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