A major development took place this past Thursday, as Apple Bank officially signed a heter iska with KFI, allowing the bank to operate in a way that meets all the halachic standards for its frum customers.

The agreement was completed under the guidance of Harav Yechiel Michel Steinmetz shlit”a, Dayan of Skver in Boro Park.

Top executives from Apple Bank, including senior leadership, attended the signing at the dayan’s home. Bank officials made clear they are committed to accommodating the needs of their observant clients and ensuring their services are structured properly.

After the signing, the bank’s leadership received a formal certification. With Apple Bank operating hundreds of branches, including in many heimishe neighborhoods, the move is expected to have a wide impact for the frum community.