Jewish religious law strictly prohibits the paying of receiving of interest on loans made between Jews. However, when monies are advanced in the course of a business transaction an agreement may be entered into, whereby the provider and receiver of these funds are considered equal partners. This partnership is based upon the stipulation that, upon request, every loss must be proved by two trustworthy witnesses, and all profits verified by oath. All consequent profits or losses are then equally shared. However, in order to avoid these very stringent requirements, the provider of the funds, under this “Shtar Isko”, agrees to waive his share of the profits in lieu of receiving a fixed percentage of the money in advanced. The percentage is then considered profit, rather than interest on a loan. This agreement becomes effective when the receiver of the funds executes a form as set forth below. Click the download button
Head Quarters , 231 Rogers Ave, Brooklyn, NY, 11225, United States
Avi started his business life at a very young age, which has allowed him to explore many industries. After finishing his studies as a music student he went on to other areas in the hospitality industry expanding his knowledge and experience to the point that he felt unsatisfied by the restraints and slow progressions of working for another leading him to create his company ECS (Event Connection Source). This brought Avi national and international attention as the world was to experience their first large scale Jewish wedding expo, opening doors that he has been yearning to open. He has since been involved with projects such as Concerts, Galas, Art Shows, Art installations, Fashion shows, managing event spaces, birthdays, product launches, corporate events, Festival management, parties, event marketing, PR, the works.