I, the undersigned, have received the sum of $________
from ________________ (hereafter referred to as the
"Investing Partner"), for investment in an Iska partnership,
subject to the following terms:
In exchange for the aforementioned sum, the Investing Partner
shall aquire a share (in the value of the funds received) in
any investment, real estate or business which I own. In the
event that no such investments exist, the Investing Partner
will aquire partnership (in the value of funds received) in
any future investment which I shall make. The Investing Partner
hereby appoints me as an agent to execute these investment(s),
as I deem appropriate, on his behalf. These investment(s)
shall be owned by the Investing Partner.
Any profits realized or losses sustained shall be allocated
to the Investing Partner. However, five percent (5%) of the
profits shall be retained by the undersigned for his services
during the term of this Iska.
Any claim of loss must be verified through the testimony of
two qualified witnesses in, and under conditions acceptable
to, an Orthodox Jewish court of law. Any claim regarding
the amount of profit generated by this investment (or investments)
shall be verified under solemn oath, before and under
conditions acceptable to, an Orthodox Jewish court of law.
It is agreed that if I return the above-mentioned principal
to the Investing Partner, together with an additional
__________________________ as payment for his share of the profits which
are generated, then I will not be required to make any further
payment nor will I be required to make an oath. I am obligated
to make this payment on or before ______________. If payment is
not made by this time, the terms of this Iska shall continue.
In the event of any conflict between the terms of this Iska
agreement and the terms of any other agreement signed by the two
parties in regard to these funds, the terms of this agreement
This agreement shall follow the guidelines of Heter Iska as
explained in Sefer Bris Yehudah. It is agreed that
any dispute which may arise in connection with this agreement
shall be submitted before ________________.1
Judgement rendered by the aforesaid authority may be entered
in any court having jurisdiction thereof.
Signature of the Recipient ________________________
Signature of the Investor ________________________