Monday, April 8, 2019

halacha - Corporations, Jewish Shareholders and Interest


How many Jewish shareholders does a corporation or bank have to have in order for the prohibitions on lending or borrowing at interest to apply?


Is one Jewish shareholder sufficient, or does it have to be a majority, or all?


Could one non-Jewish shareholder exempt the corporation?


If the prohibition would apply, is it Biblical or Rabbinic?


This has practical implications, since many American banks probably have at least a few Jewish shareholders, and most Israeli banks have at least a few non-Jewish shareholders.




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