This paper examines the impact of the need to deal with arrears in Islamic banks according to the rules and principles of Islamic Sharia. It shows the definition of arrears in Islamic banks and their risks, the procedures for dealing with bad debts and the question of penal condition. The Islamic banks may not impose fines on those who are late in paying their debts. Any increase in the principal of the debt is Riba and may instead increase the number of guarantors and increase the guarantees required to guarantee their rights.
Al-Qaryouti, Rima Mesbah and Al Kilani, Abdul Rahman
"Impact of the need to address arrears in Islamic banks,"
Jordan Journal of Islamic Studies: Vol. 14
, Article 14.
Available at: https://digitalcommons.aaru.edu.jo/jois/vol14/iss3/14