Heter Iska
See below for lending information related to Jewish religious law.
Heter Iska
- I am Jewish and wish to obtain a mortgage with ZeroMortgage. Does ZeroMortgage have a Heter Iska that complies with the laws of Ribbis?
- Yes, ZeroMortgage offers a Heter Iska that is approved by prominent leading Halachic authorities.
- How does it work?
- For any mortgage loan made to you by ZeroMortgage as detailed on the note and all other mortgage loan documents that may violate the Laws of Ribbis, the mortgage loan will instead be structured as an investment. In exchange for the mortgage funds, you will manage your real estate and other Halachically permissible investments in the way most advantageous to ZeroMortgage, and ZeroMortgage will share any profits and losses from the investment. Under no circumstances will ZeroMortgage have any liability above the actual funds advanced. If you make all your payments as provided in the Note, then the Iska terminates and all profits and losses may be retained by you. The Iska will also terminate when ZeroMortgage sells the mortgage loan to a party not subject to the Laws of Ribbis.
If you have any further questions you may reach us at info@zeromortgage.com