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Zakat is an annual obligation and so you can pay it at any time when a lunar year is completed when your wealth has exceeded the nisaab amount. Zakat is calculated on the personal wealth amount held once the end of the islamic year has been reached, although many communities choose to pay their zakat during ramadan when the.
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Zakat is an obligation on all muslims whose wealth passes a threshold (called nisab in arabic) that indicates they have enough — or more than enough — to spare. Why are we obliged to pay zakah?.
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If we take the example of adam (our. Zakat is a form of charity and any charitable deed means that the money gets out of the hands of the ones who are already filthy rich with it.