The Ayalon Insurance Company, which handles pension plans and other investments has received yet another hechsher from Badatz Beit Yosef for its pension fund operation certifying they conduct business in line with Shulchan Aruch. The company boasts that it is the only insurance company that is totally shomer shabbos and the first in the industry to offer those seeking to do business without fear of transgressing law of ribis, or a firm being mechalel shabbos.
Company officials report the recent hashgacha adds to two other pension related plans run by the company that have been running under the Halachic guidance of the Beit Yosef rabbonim for a number of years.
Levi Yitzchak Rachmani, president of the Ayalon Group adds: I received the teudat kashrut from Badatz Beit Yosef, which represents a milestone in the investment industry for those seeking to operate in the framework of Halacha.”
(YWN – Israel Desk, Jerusalem)
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“The company boasts that it is the only insurance company that is totally shomer shabbos and the first in the industry to offer those seeking to do business without fear of transgressing law of ribis, a firm being mechalel shabbos.’
Whoever wrote this article should be advised that the issur against charging interest on certain types of loans (aka “ribis”) has nothing to do with being mechalel shabbos.