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1) ‘Aisha (Allah be pleased with her) reported: ‘I heard the Messenger of Allah (Sall Allah-o-alaihe wa sallam) as saying: ‘There is no zakah on mal (wealth) until a year passes on it.’”

2) ‘Ali b. Abu Talib (Allah be pleased with him) reported that ‘Abbas (Allah be pleased with him) asked the Apostle of Allah (Sall Allah-o-alaihe wa sallam) whether he can pay the sadaqa before it is due. He (the Holy Prophet) permitted it.

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Source: Economic Teachings of Prophet Muhammad (peace be upon him): A Select Anthology of Hadith Literature on Economics, Muhammad Akram Khan. Republished with permission.