ANSWER:

No, you cannot count the previous extra amount given without intending it.

No problem in giving the amount either from cash or from the same bank. What matters is to get rid of that much amount of interest money.

QUESTION: I received ₹327 bank interest and gave away ₹350, so ₹23 extra was already given. Later, another ₹327 interest came. Can that previous extra ₹23 count toward the new interest amount, or must each month’s interest be given separately? Also, can I give the amount from halal cash in hand instead of the same bank account?

Riba | May 23, 2026 5:15 am
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QUESTION: In times when I wasn’t aware and due to lack of knowledge I borrowed UK student finance when I was teenager. However, they charge really high interest. Can I take other low interest based loan to pay that off and then pay that off quickly with less interest? If I cant find Islamic loan.