Reciprocal loans

Abstract EN

The reciprocal loan simply means that in return for a loan for a specific period, the lender receives an equivalent amount of loan for a similar period of time.

Some contemporary scholars believe that reciprocal loans are legitimate, if they are not tied , that is if the lending of one loan does not depend on the lending of the other.

But they stipulated that tying could take place through a promise or a memorandom of understanding .

The loan is granted without the above stipulation , but an understanding may take place apart from the contract .

This constitutes an illegitimate manouver around proper contracting, since what is unlawful in contract is also unlawful in promise or collusion, even if not binding, let alone when binding .