[Avodah] [Areivim] Heter Iska for Israeli banks

[Mike Miller]

[From Areivim]

On 7/8/07, Doron Beckerman <beck072 at gmail.com> wrote:
> IIRC, there is a problem of Ribis if using a Heter Iska for overdraft
> accounts in Israel, since that money is often used for, e.g., groceries, and
> it doesn't make sense that this money should be considered as invested in
> any sort of business venture which is the underlying premise of Heter Iska.

Assuming a generic Heter Iska is valid, is that Heter Iska then
invalidated by subsequent choices?

In a ideal HI, is a loan for buying a house considered an investment?
How about a car loan? How about a loan to help with a wedding, or just
a general situation?

Given that the HI never describes what the actual business venture
involved is, why is the fact that it's a really poor choice, as the
monetary ROI for groceries is quite small ;), an important factor?

-- Mike Miller
Ramat Bet Shemesh