Preparing heter iska for businesses and companies includes understanding the company's business operations, and creating a professional and customized heter iska for each company, with full accompaniment and full responsibility. As follows:
First, we sign a general document in which the company declares that all transactions that involve interest charges, will operate automatically according to the heter iska.
We have the authorized signatory and company executives sign the heter iska document.
The managers and authorized signatory will receive a brief explanation of how the entire process works.
We will also instruct those involved exactly how to sign all documents so that everything operates in the best possible manner.
Sometimes there are various contracts or different transactions that involve interest charges – we address them on a case-by-case basis and incorporate specific clauses considering each situation individually.
Sometimes clients request various transaction contracts where the solution isn't necessarily a heter iska. We can customize contracts per client request, considering various factors.
The process includes full accompaniment for any questions the company or its clients may have regarding interest matters over time.
We provide training and full responsibility for the heter iska we prepare, including official confirmation of the company's conduct according to the Halacha.
We provide, as needed, detailed clauses in Hebrew and English for the heter iska to add to specific interest-bearing loans.
For the heter iska to take effect according to Halacha, it must be made publicly available so that it's clear to everyone that the company indeed operates as it declares.
This online availability is provided through our website, which has a detailed list of companies that have a heter iska, including a copy of the heter iska and a direct link to the company's website, so clients can see that the company operates according to Halacha.
yehudacoper@gmail.com
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You can read more about heter iska, how it works, and the halachic and legal significance behind it at the following link – click here.
You may also find useful material on theYeshiva website – click here.
Best regards,
Rabbi Yehuda Copperman
Head of the Institute for Business Halacha
