[Avodah] [Areivim] Heter Iska for Israeli banks

[Zev Sero]

On Areivim, Doron Beckerman 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.

"Heter iska" is a generic term for loan-substitutes that have the effect
of generating profit from money, even if they have nothing to do with any
actual business.  For instance, the real estate rental scheme described
in the SA Harav, or the simple cheque-discounting scheme described in the
KSA.  Both could be used for personal expenses.

-- 
Zev Sero               Something has gone seriously awry with this Court's
zev at sero.name          interpretation of the Constitution.
                      	                          - Clarence Thomas