Bank of Tov

Bank of Goodness

Mission

Tov Bank is a Decentralized-Bank that Serves God's Kingdom and Her Peoples

Following Chesed Torah

The Torah prohibits charging interest on loans made to fellow members of the Tribes of Israel.

This is based on the verse in Exodus 22:24 which states, "If you lend money to any of my people that is poor by you, you shall not be to him as a lender, neither shall you lay upon him interest." Similarly, Leviticus 25:36-37 states, "Do not take interest or any profit from him [the poor person], but fear your God, so that your countryman may continue to live among you."

The prohibition against charging interest is also found in the Talmud, which expands upon the Torah's commandment and discusses the details of how it should be applied. In Judaism, the prohibition against charging interest is known as "ribbit," and it applies to loans made between members of the Tribe.

The prohibition against charging interest is meant to encourage kindness, generosity, and compassion towards others. It is also intended to help prevent the wealthy from exploiting the poor and vulnerable by charging exorbitant interest rates. Instead, lending to those in need should be seen as a mitzvah, a good deed, that is done out of kindness and concern for the well-being of others.

Chesed Torah acknowledges this rule of God, however; it will take many generations to fulfill this law. As such the Bank of Tov, will cap interest rates on all loans. A % of all profits will be donated to the Trust of Chesed.

How it Works

Tov Bank is a new bank that is dedicated to doing the best possible while making money and embracing financial transparency. This innovative and forward-thinking bank is focused on providing a wide range of financial services and products, while also prioritizing the well-being of its customers and the wider community.

One of the key features of Tov Bank is its commitment to doing the best possible. This means that the bank is focused on using its resources and expertise to make a positive impact on the world, and to contribute to the common good. This can include supporting social and environmental causes, as well as providing financial education and support to underserved communities.

Another key feature of Tov Bank is its commitment to financial transparency. This means that the bank is open and transparent about its operations, fees, and policies and that it provides its customers with clear and accessible information about their financial accounts and transactions. This allows customers to make informed decisions about their money, and to feel confident that their financial institution is acting in their best interests.

In addition to its commitment to doing the best and financial transparency, Ohai Bank also offers a wide range of financial services and products. These include checking and savings accounts, credit cards, loans, and investment products, as well as online and mobile banking tools.

Overall, Tov Bank is an exciting and innovative new financial institution that is focused on doing the best possible while making money and embracing financial transparency. With its commitment to social and environmental causes, financial transparency, and a wide range of financial services, Ohai Bank is well-positioned to become a leading player in the banking industry.