The Challenges and Solutions to Rescheduling Bank Loans Repayment Defaults: A Critique on Law Related to the Rescheduling

According to financial and monetary theories, the main role of banks in the economy is intermediation, which means collecting deposits and using them in useful investments. In this regard, the banking system faces risks from the point of view of repayment on time, which must be organized with appropriate measures. It is necessary to design appropriate methods to reschedule bank loans repayment defaults, so that while eliminating the suspicion of usury in the exchange contracts, a single procedure applies to reschedule partnership agreement in the banking system. Therefore, the author of this article, in order to fill the research gaps, wants to answer this main question: Is it legal to reschedule bank loans repayment defaults in in exchange for interest? The main hypothesis that can be proven in this paper is that: according to the Islamic banking system, it seems that the analysis of methods of rescheduling bank loans repayment defaults should be studied separately in exchange and partnership contracts., and the " Law Related to the Rescheduling "needs to be reformed. This Thesis is based on library and field methods and relying on a comparative study. The contents of these explanations would be presented in two sections:” Introduction” and “rescheduling bank loans repayment defaults”.