No that's not correct. This is taken from wiki.The only kind of "slavery" God condones is indentured servitude for non-POWs and non criminals. He does allow involuntary slavery for those two people. Non-Israelites that lived in Israel were required to be treated the same as Israelites. See Exodus 22:21-24.
The Hebrew Bible contains two sets of rules governing slaves: one set for Hebrew slaves (Lev 25:39-43) and a second set for Canaanite slaves (Lev 25:45-46).[1][21] The main source of non-Hebrew slaves were prisoners of war.[18] Hebrew slaves, in contrast to non-Hebrew slaves, became slaves either because of extreme poverty (in which case they could sell themselves to an Israelite owner) or because of inability to pay a debt.[16] According to the Hebrew Bible, non-Hebrew slaves were drawn primarily from the neighboring Canaanite nations,[22] and religious justification was provided for the enslavement of these neighbors: the rules governing Canaanites was based on a curse aimed at Canaan, a son of Ham,[23] but in later eras the Canaanite slavery laws were stretched to apply to all non-Hebrew slaves.[24]
The laws governing non-Hebrew slaves were more harsh than those governing Hebrew slaves: non-Hebrew slaves could be owned permanently, and bequeathed to the owner's children,[25] whereas Hebrew slaves were treated as servants, and were released after seven years of service or the occurrence of a jubilee year.[26][27] One scholar suggests that the distinction was due to the fact that non-Hebrew slaves were subject to the curse of Canaan, whereas God did not want Jews to be slaves because he freed them from Egyptian enslavement.
Leviticus 25
44 “‘Your male and female slaves are to come from the nations around you; from them you may buy slaves. 45 You may also buy some of the temporary residents living among you and members of their clans born in your country, and they will become your property. 46 You can bequeath them to your children as inherited property and can make them slaves for life, but you must not rule over your fellow Israelites ruthlessly.
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