I have some amount of money saved in my salary account and now after the year end they have given me profit / interest. Allah talah says that money earned out of interest even spoils the halal money so I want to take out the interest amount and give it away. What can be the options of getting rid of interest money. I know that you can not give it in charity etc also and should I need to inform the person or organisation whom I will give this money that it’s actually interest money.
you may spent on poor/needy people the way you want. you shouldn't expect a reward on that though. you do NOT have to inform the recipient. you may NOT use it to build mosque/deeni madaaris.
Such interest amount should not left in bank because its not bank money neither its our money. You may give it to any needy person by acknowledging that you won't remember about it neither you count it as a good deed from you and hoping for its rewards. Totally forget about it.
They call it both but actually it's a fixed rate that you get even if your money used by them in investments and other options has generated loss. Profits and Losses are both meant to be shared but when money is only meant to give a certain fixed amount of benefit/interest/profit then it is INTEREST (sood). So in every way it's an interest.
So if the underlying mode is Mudaraba/Musharikah or any other shariah compliant mode in which risk and reward are shared then the profit is allowed otherwise it is not.
Conventional Banks have underlying contract of Qardh at liability side (deposit taking) hence it is not allowed to take benefit by any mean ,be it profit/Interest, Free cheque books/ free payorders , free services.