You'll be fine with that. I had a lot of trouble getting hold of pure isopropyl alcohol (didn't visit any specialty hobby shops, but several computer shops) - one shop told me to just use metho.
I have been ever since, and I've never had a problem. Doesn't seem to affect either the heat sink or the chips (I've even cleaned several processors with it - no probs).
Isopropyl alcohol is a type of alcohol (alcohols are a generic type of chemical molecule - there are many different molecules that fall within the category). There are many synonyms for this particular alcohol molecule, including:
2-hydroxypropane, isopropanol, is2-propanol, iso-propanol, iso-propyl alcohol, IPA, sec-propanol, sec-propyl alcohol, dimethylcarbinol, propan-2-ol, avantin, avantine, combi-schutz, rubbing alcohol, spectrar, sterisol, takineocol, virahol.
I'd say Spiritus Ketonatus Fortior is the brand you bought (?) and yes, 96% is pretty pure for non-critical applications (which this isn't - even if it's important to you).