Ribit: Being Overdrawn And Paying Interests to The Bank

Quiz

1 - In which of the following cases is it permitted to pay interest?

• To any bank
• To a non-Jewish bank
• To a Jewish bank

2 - In which of the following cases would a bank be considered as Jewish?

• Only where the bank is 100% owned by Jews
• Where Jews own more than 50%
• Where Jews own any stocks, even 0.001%

3 - Which of the following statements best explains how a "Heter Iska" works?

• The sum advanced is a deposit to be invested by the receiver on behalf of the one who made the advance
• The sum advanced is considered as a gift
• The sum advanced is a loan