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Mu'aadh bin Jabal (RA) related from the Prophet (SAW) “Charity extinguishes sin as water extinguishes fire.” (Ahmad, Tirmidhi)
Abu Hurairah (RA) narrated that the Prophet (SAW) said, “Every day two angels come down from Heaven and one of them says, 'O Allah! Compensate every person who spends in Your cause’, and the other (angel) says, 'O Allah! Destroy every miser.’” (Bukhari)
The Prophet (SAW) also said: “The believer's shade on the Day of Resurrection will be his Charity.” (Ahmad)