Loans and interest in Judaism

The subject of loans and interest in Judaism has a long and complex history. In the Hebrew Bible, the Book of Ezekiel classifies the charging of interest among the worst sins, denouncing it as an abomination and metaphorically portraying usurers as people who have shed the borrower's blood. (See Ezekiel 18:13[1] and 18:17.[2]) The Talmud dwells on Ezekiel's condemnation of charging interest.[3][4]

The Torah and Talmud encourage lending money without interest. But the halakha (Jewish law) that prescribes interest-free loans applies to loans made to other Jews, however not exclusively. Rabbi Isaac Abarbanel, however, declared that the acceptance of interest from non-Jews does not apply to Christians or Muslims, as their faith systems are also Abrahamic and therefore share a common ethical basis.[5]

The Biblical Hebrew terms for interest are neshekh (Hebrew: נשך), literally meaning a bite, and marbit or tarbit (מרבית‎/תרבית), which refers to the lender's profit.[6] Neshekh refers to interest deducted in advance from the loaned money given to the borrower; the words marbit and tarbit refer to interest added to the amount that the borrower must repay.[7] The words marbit and tarbit, for the form of interest most familiar in modern times, became ribit (ריבית) in modern Hebrew.[citation needed] The latter word is cognate to the Arabic word riba used in the Quran.

  1. ^ "Ezekiel 18:13". Sefaria. Retrieved 28 December 2023.
  2. ^ "Ezekiel 18:17". Sefaria. Retrieved 28 December 2023.
  3. ^ Babylonian Talmud, Tractate Baba Metzia p. 61b.
  4. ^ "Bava Metzia 61b". Sefaria. Retrieved 28 December 2023.
  5. ^ Robinson, George. "Interest-Free Loans in Judaism". My Jewish Learning. Retrieved 2 January 2018.
  6. ^ "Usury". Jewish Encyclopedia. 1906. Retrieved 2 January 2018.
  7. ^ Black, M.; Rowley, H. H., eds. (1962). Peake's Commentary on the Bible (revised ed.). T. Nelson.