Biblical Safeguards and Traditions as Potential Guidance for the Lending of Monies

Some individuals and businesses have become increasingly dependent upon multiple financing sources for economic survival. Certain currently used lending policies, such as interest-only loans and revolving credit lines, may encourage borrower dependency on the lender. The paper reviews religious teac...

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Bibliographische Detailangaben
1. VerfasserIn: Lippman, Ellen J. (VerfasserIn)
Medienart: Elektronisch Aufsatz
Sprache:Englisch
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Veröffentlicht: Springer Science + Business Media B. V 2008
In: Journal of business ethics
Jahr: 2008, Band: 78, Heft: 1, Seiten: 109-120
weitere Schlagwörter:B Interest
B Loans
B religious teachings
B Jewish
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Beschreibung
Zusammenfassung:Some individuals and businesses have become increasingly dependent upon multiple financing sources for economic survival. Certain currently used lending policies, such as interest-only loans and revolving credit lines, may encourage borrower dependency on the lender. The paper reviews religious teachings, specifically religious safeguards on lending identified in primary Jewish sources including the Tanach and rabbinic teachings, and finds that the safeguards in place centuries ago may still be relevant for lending practices today to both protect the borrower while still providing a profitable means to help borrowers.
ISSN:1573-0697
Enthält:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-006-9325-9