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Heter Iska THIS AGREEMENT made this day of , , I (we) the undersigned do hereby state that I(we) received from the sum of $ . to be returned which shall be used in the form of a joint business venture.

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A Heter Iska is a Jewish religious compliance document which is used where a lender and borrower are both of the Jewish faith, to achieve compliance with Jewish religious rules against the charging or paying of interest on loans between members of the Jewish faith.

The hetter iska must be completely filled out. The investor and recipient must sign at the bottom in the presence of a witness. The witness must be valid ing to the law of the State in which the hetter iska is executed.

The Talmud dwells on Ezekiel's condemnation of charging interest. The Torah and Talmud encourage lending money without interest. But the halakha (Jewish law) that prescribes interest-free loans applies to loans made to other Jews, however not exclusively.

Heter Iska is, in short, an agreement between the customer and the financier that the transaction being provided is a partnership where all profits must be shared under a stringent set of reporting requirements. If the customer wishes to pay a specified rate in lieu of profit sharing, the customer may do so.

So in the early 1600s, the chief justice of the Jewish community court of Cracow, Poland formulated a Heter Iska that covered profits, too. Under his Heter Iska, any receiver testifying that a business produced no profit, or not as much profit as initially projected, is only believed upon taking an oath.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232