Question Summary:
I have some money in the bank and did term deposit and it has some interest on it. I would like to use that interest in charity is that acceptable in Islam could you please give me more information regarding this.

Question Detail:

I have some money in the bank and did term deposit and it has some interest on it. I would like to use that interest in charity is that acceptable in Islam could you please give me more information regarding this.

Answer :

Answer:
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
JazakAllah for your question.
Kindly refer to the answer on dispensation of interest monies at the following link: http://askimam.org/public/question_detail/21518
And Allah Ta’āla Knows Best
Moulana Ismail Desai,
Student Darul Iftaa
Durban, South Africa
Checked and Approved by,
Mufti Ebrahim Desai.