As advertised on COLlive, the set of Sichos Kodesh will be reprinted for the very special price of $890. It was advertised that this sale will remain open until sukkos, and afterwards the price will go up (to $1050).
It has come to our attention that the way the sale was advertised would involve Ribis, and in order to solve this issue the rabbonim have advised that the sale for $890 should remain open for an additional 30 orders, and the previous orders will be reprocessed appropriately.
PURCHASE YOUR SET HERE – sk34.org
The following analysis and solution have been suggested and reviewed by Rabbi Sholom Ber Shuchat and Rabbi Shabsi Tayar:
A standard case of Ribis (interest) is for instance when a lender gives 100 dollars to a borrower who in return will give him back 120 dollars. This would be biblically forbidden.
The Sichos Kodesh sale was advertised that by securing the set before sukkos you will receive the discounted price of $890, however if you wait until after sukkos the price will be $1050.
This is in effect a case of Avak Ribis, with the customer essentially becoming a lender and receiving interest in return. The customer would have ‘lent’ $100 to secure a set of books worth $1050 (for the price of $890 was only available until sukkos).
To solve this problem the Rabbonim have advised applying the $890 discount to a limited amount of orders indefinitely, which effectively means keeping the discount open for an additional 30 customers without a time limit.
Rabbi Shabsi Tayar is not only a expert in hilchos ribs in chabad but is def one of the poskim of this generation in hilchos ribs. His kuntreis on the Alte Rebbe hilchos ribbis is a must study for anyone who wants to learn these very difficult halochos
i never knew the halacha was so strict! So many sales are worded this way!