Economy09:04 · Jun 15

Hundreds Attend House-Showing Event for Jerusalem-Area Wedding Savings Plan in Beit Shemesh

Kikar HaShabbatReligious
Translated & summarized from Kikar HaShabbat by baba
The story · English

Hundreds of married students and other attendees gathered on Tuesday in the Ramot Avraham neighborhood of Beit Shemesh for a public introduction to the "Meshi'im" program, an initiative aimed at helping families finance their children’s weddings. The event was organized by the local Hasidic community and drew broad interest from residents of the wider area.

The evening was led by Rabbi Pinchas Rubin and featured a detailed presentation by the program’s founder, capital markets professional Yossele Minzberg. He said the model combines the traditional stability of gemachim, interest-free loan funds, with the leverage tools of the capital market. According to Minzberg, savers deposit from day one into both channels, and eligible participants receive a "boost" loan that enlarges their investment portfolio and allows compound growth to begin early.

Minzberg told the audience that the money is managed through Israel’s major investment firms and remains registered in the saver’s own name. He also said the program operates under close supervision from Rabbi Yehuda Silman and Rabbi Tzvi Braverman, and that all investment tracks have strict kosher certification. He stressed that the structure was designed specifically for the haredi public and includes broad protection against market risks.

He added that the main benefit appears at wedding time: the wedding costs are paid from the gemach fund, while the investment account continues to work and generate returns. The event ended with strong participation, and most attendees filled out signed enrollment forms. Program organizers said the response has been part of an unprecedented wave of interest, with more than 13,000 inquiries received recently, and promised to respond to every family as staff work in an expanded operating mode.

Read the original at Kikar HaShabbat
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