Must an iska be 50-50? If the Jewish venture capitalist takes 60%, is this interest? This is done all the time!
Barry Epstein, Dallas, USA
Preventing Ribis in an Iska can be done two ways: Either by making an uneven split favoring the trader (larger portion of the profit, or smaller portion of the loss), or by paying the trader a salary.
However, all this is necessary only when there is shared liability (e.g. if the investor puts in $100 and if the business goes bust the trader will be liable $50). However, in the standard case of the venture capitalist where the business accepts no liability (not even moral!), any deal is acceptable.
D. Zupnik