Rav Eliyahu Shlita Calls to Cancel Heter Iska with Banks

Tzfas Sephardi Chief Rabbi Shmuel Eliyahu Shlita in his address to the Ramle Conference called for canceling the “heter iska” for banks and for Israel’s banks to follow the working model of Islamic banks. To the skeptics, Rav Eliyahu explains many warn that if the heter iska is canceled the nation’s banking system would collapse. […]



From Yeshiva World News