What is the ruling on rescheduling loans with the Central Bank and commercial banks, given that it entails an increase in the total loan amount and an extension of the repayment period?

It is not permissible to borrow with interest (riba) because it is one of the major sins. Nor is it permissible to reschedule a debt by increasing the debt in exchange for extending the term, because this is the usury (riba) of the pre-Islamic era (Jahiliyyah). It is considered a cancellation of debt for debt, which is forbidden by Islamic law, regardless of whether the debtor is solvent or insolvent, and whether the debt is immediate or deferred. However, rescheduling a debt by extending the term while keeping the debt amount constant is permissible.