The date that your wealth equals (or is greater than) the Nisab should ideally be marked as the beginning of your first Zakat year. Once one lunar year (Hawl) has passed, then you should pay Zakat. It’s a good idea to keep paying on the same date (or thereabouts) each year, in order to ensure that you adequately fulfil this spiritual duty. If you can’t remember when you first started to own the Nisab, choose a special Islamic date that’s easy to adhere to. Many people choose to give their Zakat in the month of Ramadan, because it is a time of great blessings and the rewards for good deeds are believed to be even greater in this sacred month.