Mbanc is proud to be in agreement with Mortgage Bank of California through the Iska Agreement.
A Heter Iska is a halachic instrument that restructures a conventional loan as a joint business venture, so that the return paid to the financier is treated as a share of profit rather than interest (ribbis). It allows observant borrowers and lenders to transact in a manner consistent with Torah law while preserving the commercial substance of a modern mortgage.
The full executed Heter Iska on file with Mbanc is reproduced at right. For questions about how the Heter Iska applies to your transaction, speak with your Principal Banker.
MBANC is a registered trade name of Mortgage Bank of California, Inc. · NMLS #38232.
Last reviewed: October 9, 2023 by Mayer Dallal.
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