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Middle East & Africa Stock Loans ISA ILS

Israel Stock Loans against TASE shares

A stock loan against shares you hold on Israel’s principal equity venue — for family offices, founders and controlling shareholders, without selling a single share.

01 · Process
How it works

From enquiry to funding.

StageWhat happensTiming
01Confidential enquiryThe holding and the objective, shared under NDA through a secure channel.Day one
02Indicative termsStructure, sizing and indicative pricing returned against the position.1–2 days
03Structuring & documentationKYC, share and market review; terms formalised under institutional documentation alongside your counsel.1–2 weeks
04Custody & fundingPledged shares held at a qualified custodian; collateral secured and proceeds released.On completion
02 · The Market
Middle East & Africa

Israel equity markets.

An Israeli stock loan lets a founder, family office or controlling shareholder raise cash against a position listed on the Tel Aviv Stock Exchange without selling it, without surrendering voting control, and while staying the beneficial owner until the facility is repaid. The shekel floats freely against the dollar and euro, so a USD or EUR drawdown against a TASE-listed line is priced and hedged rather than pegged — a point set out expressly in the documentation.

What shapes an Israeli facility is the disclosure regime and, for many technology names, the dual-listing structure. Under the Securities Law, a holder of 5% or more of a company’s shares or voting rights is an interested party and must report the interest — and any subsequent change — to the company, which passes it to the TASE and the Israel Securities Authority, generally within one trading day. A pledge over such a holding is sequenced around that obligation. Liquidity is rarely the constraint for TA-35 and TA-125 constituents; it weighs more on the TA SME 60 and thinner TASE UP issuers. Shares settle T+1, which governs when the pledge is perfected and the loan drawn.

Israel stock loans at a glance:

Listed venueTel Aviv Stock Exchange (TASE)
RegulatorIsrael Securities Authority (ISA)
CurrencyILS
SettlementT+1
Disclosure threshold5%
Principal indicesTA-35, TA-125, TA SME 60
StructureNon-recourse, limited- or full-recourse

Regulatory references are published for general orientation and are not legal advice.

04 · FAQ
Israel · Stock Loans

What holders ask about Israel.

01Does a share pledge over my Israeli holding have to be reported?
If you hold 5% or more of a company’s shares or voting rights you are an interested party under the Securities Law, and interests and changes are reportable to the company — which notifies the TASE and the ISA — generally within one trading day. A security interest can engage that duty. Black Haven maps the exact notification and timing to your holding before anything is executed, and sequences the pledge around it.
02Can I borrow in US dollars against Tel Aviv-listed shares?
Yes. The shekel is a freely floating currency, not pegged, so a USD or EUR facility drawn against an ILS-listed line carries genuine currency exposure that is priced and hedged rather than assumed away. Black Haven sets out the hedging, settlement and tax points expressly in the documentation before the loan is drawn.
03How much can I borrow against Israel-listed shares?
The loan-to-value is set to your holding — its free float, daily traded volume, volatility, and your own regulatory standing. A large-cap with deep free float supports a higher LTV than a thin mid-cap, and a non-recourse structure runs lower than a full-recourse one on the same stock. We quote indicative ratios only after reviewing the position.
04Which Israel exchanges can I borrow against?
We cover Tel Aviv Stock Exchange (TASE). Financing is arranged against shares listed there; which venue applies depends on the issuer’s primary listing and how the holding trades.
05What currency can the facility be drawn in?
The default is ILS, the listing currency. Cross-currency structures — drawing a USD or EUR loan against the position — are common, and bring hedging, settlement and tax points we set out expressly in the documentation.
06Who regulates these transactions in Israel?
Israel Securities Authority (ISA) is the principal regulator. Black Haven Investments lends as principal; lending and any regulated activity are conducted by, or through, appropriately licensed or registered entities in the relevant jurisdiction.
07What is the settlement cycle on Israel exchanges?
Equities listed on Tel Aviv Stock Exchange (TASE) generally settle on T+1. The settlement cycle governs when the pledge over the shares is perfected and the loan can be drawn, so we align the funding mechanics to it.
08At what level does a shareholding become disclosable in Israel?
The principal threshold is 5%, under Securities Law overseen by ISA. Crossing it — in either direction — triggers a notification, and a pledge can itself be relevant; we map the exact levels to your holding before anything is executed.
09Can a foreign or offshore holder pledge Israel-listed shares?
Generally yes. The shares sit with a qualified custodian and are pledged to secure the facility; any foreign-ownership limits or registration requirements turn on the issuer and sector, and we check them against your specific line at the structuring stage.
10How long does it take to arrange a stock loan in Israel?
Indicative terms typically follow within one to two business days of a confidential enquiry. Documentation and funding usually complete within about three weeks, depending on custody onboarding and the size of the position.
05 · Adjacent Markets
Middle East & Africa

Countries adjacent to Israel.

Saudi Arabia · United Arab Emirates · South Africa · Qatar · Kuwait · Egypt · Nigeria

All countries →

A particular Israel holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.