Is There A Specific Time For Giving Zakat?

Is there a specific time for giving zakat?

There is no pecific time for giving zakat. As in fasting and hajj, lunar year is taken as basis for calculating whether one year passes after one owns property of nisab amount. It needs to be given as of the moment it becomes obligatory. It is not necessary to wait for a specific lunar month or Ramadan. Those who are obligant to give zakat need to pay it as soon as it becomes a fardh upon them. Because zakat is a duty of servitude to Allah (swt) and it needs to be fulfilled as soon as possible (Ibn Abidin, Radd al-Muhtar, III, 175, 191-192, 223).

Source: Presidency Of Religious Affairs The Turkey, High Board of Religious Affairs FATWA