04/21/2026
Many families around the world still hold historic share certificates issued by the Jewish Colonial Trust (JCT). These shares were originally purchased by Jewish families in the early 20th century to support economic development in the Jewish homeland before the State of Israel.
Today, heirs sometimes discover these certificates among family papers and wonder whether they can still be redeemed. In other cases, the Unit for the Location and Restitution of Unclaimed Property may contact a family to inform them that an ancestor purchased 100, 500, or even 1,000 JCT shares.
Not only can these shares still be redeemed, but the State of Israel is actively working to locate families of original shareholders. Because of the long timelines and complex inheritance chains, heirs must navigate Israeli inheritance law and probate procedures as part of the redemption process.
What Is the Jewish Colonial Trust?
The Jewish Colonial Trust was a limited liability company established in London by Theodor Herzl in 1899. It formed part of the early financial infrastructure designed to support Jewish settlement and economic development in the Land of Israel during the pre-State era.
Funds were raised through the sale of share certificates to Jewish communities worldwide. Many families purchased these shares as both an investment and a symbolic contribution to the development of the Jewish homeland.
Over time, the JCT became connected to financial institutions that later evolved into parts of Israel’s modern banking system.
Because shares were sold internationally, certificates are still occasionally discovered in family estates around the world. Even if you don’t have the original certificate, the Unit for the Location and Restitution of Unclaimed Property (within Israel’s Ministry of Justice) may contact families based on historical research identifying original shareholders.
Can JCT Shares Still Be Redeemed?
Yes. Heirs may apply to redeem historic Jewish Colonial Trust shares and receive their value. However, this requires going through a detailed probate and release process.
Because these shares were issued over a century ago, proving rightful heirship today often involves complex legal work, including cases that predate Israel’s Inheritance Law of 1965.
Why Israeli Probate Law Is Essential
Even if a family still holds the original share certificate, Israeli authorities must confirm the legal heirs before approving redemption.
This involves obtaining official orders from the Israeli Registrar of Probate:
• Probate Order (if the original shareholder left a will)
• Succession Order (if there was no will)
In many cases, several generations have passed since the shares were purchased. This means heirs must reconstruct the full inheritance chain from the original shareholder to the present day.
It’s important to note that probate completed outside of Israel is not recognized for this purpose. Israeli probate proceedings are still required.
Common Challenges Heirs Face
Because of the age of these shares, families often encounter challenges such as:
• Multiple heirs living in different countries
• Foreign probate proceedings that are not recognized in Israel
• Difficulty reconstructing inheritance across generations
Successfully addressing these issues usually requires familiarity with Israeli probate procedures and international inheritance matters.
How This Page Can Help
This page focuses on assisting families with Israeli inheritance matters, especially those involving unclaimed property and historic assets like JCT shares.
Support is available throughout the process, including:
• Reviewing letters received from Israeli authorities
• Guiding the Israeli probate process
• Preparing and submitting redemption applications
• Communicating with relevant authorities
• Organizing documentation to prove the inheritance chain
Many heirs live outside Israel, and the entire process can typically be handled remotely.
If you believe your family may have unclaimed property in Israel or rights to Jewish Colonial Trust shares, feel free to reach out for more information.
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