Meshim Initiative Expands to Bnei Brak, Offering Financial Planning for Weddings
Translated & summarized from Behadrei Haredim by baba
The "Meshim" initiative, which helps Haredi families plan for wedding expenses, held an informational seminar in Bnei Brak. The program combines traditional Gemachs with capital market investments, offering a new financial planning method for "Olim" families. Founder Yossele Mintzberg explained the model, which is supervised by prominent rabbis and managed by major investment firms. Over 15,000 inquiries have been received, indicating strong public interest in the initiative.
The story in 5 lines · by baba
- The "Meshim" initiative held an informational seminar in Bnei Brak to explain its financial planning model for Haredi families' wedding expenses.
- The program integrates traditional Gemachs with capital market investments to ease the economic burden of children's weddings.
- Founder Yossele Mintzberg stated that wedding funds come from the Gemach while investment portfolios continue to grow.
- Investment funds are managed by major Israeli firms and registered in the depositor's name, under rabbinical supervision.
- Over 15,000 inquiries have been received by the Meshim initiative, showing significant public interest.
The "Meshim" initiative, aimed at revolutionizing how Haredi families prepare for the financial burdens of their children's weddings, held another informational seminar in Bnei Brak last week. The event, hosted at the Matersdorf institutions, was led by charity figure Israel Holtzman.
Rabbi Pinchas Rubin, national coordinator for Meshim, presented the program's principles. The initiative offers a new long-term financial planning method for families of "Olim" (Torah scholars who study full-time), designed to alleviate the significant economic pressure associated with wedding expenses.
The program's founder, capital market figure Yossele Mintzberg, delivered a comprehensive lecture explaining the unique economic model. He described how Meshim integrates traditional "Gemachs" (interest-free loan funds) with capital market investment opportunities. "The Meshim method creates synergy between the two worlds," Mintzberg explained. "The saver deposits from day one into both the Gemach and the capital market."
Mintzberg emphasized that investment funds are managed by major Israeli investment firms and registered solely in the depositor's name. The program operates under the supervision of Av Beit Din Rabbi Yehuda Silman and Av Beit Din Rabbi Tzvi Brawerman, with investment options holding "excellent kosher certification." The model is tailored to the needs of Haredi families and includes mechanisms to handle various market scenarios, combining long-term savings and investment with potential Gemach assistance at the time of the wedding. "The great advantage is revealed at the time of the wedding," Mintzberg stated. "The money for the wedding comes from the Gemach, while the investment portfolio continues to operate and generate returns."
Attendees showed significant interest, with numerous questions indicating a need for practical solutions to the financial challenges faced by "Olim" families. The Bnei Brak seminar follows similar events nationwide, reflecting broad public interest. According to Meshim, over 15,000 inquiries have been received, and the organization is operating with expanded staff to provide personalized support. Meshim aims to enable more families to prepare for wedding expenses through responsible financial planning, ensuring their children can marry with dignity.