Transaction on Credit
Question
Is it permissible to conduct a transaction on credit with a credit card? This refers to a bank credit card.
Answer
Shalom!
In principle, there is an issue of interest in such a transaction, but credit card companies in Israel have a good “heiter iska” (that turns a loan into an investment, thus allowing to charge interest on it).
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 (Please note that the comment will not be published but will be sent directly to the answering Rabbi for review and a private response)
Become our patrners in supporting and spreading the Torah
Help us answer more questions faster and better
Join the mission