The zakah of wealth, or making it a continuous charity

The questioner:
He also says: I have lawful wealth. Is it obligatory for me to pay its zakah every year, or is it better to make it a continuous charity?

The Shaykh:
What?

The questioner:
He says: He has lawful wealth. Does he pay its zakah every year, or is it better to make it a continuous charity?

The Shaykh:
“Lawful” means he has wealth. Wealth varies: is it livestock? Is it currency? Is it trade goods? Is it produce from the earth? Each has its own ruling. Zakah is obligatory on wealth when a lunar year has passed and it has reached the minimum threshold. When a lunar year has passed and it has reached the minimum threshold, except for produce from the earth, for which the completion of the lunar year is not required; rather, its zakah must be paid out at the time of harvest, as He, Mighty and Majestic, said:

The questioner:
its produce

The Shaykh:
And if he endows this wealth, he removes it from his ownership and makes it an endowment, so there is no zakah on it; because the endowment functions like zakah. Yes.

The presenter:
May Allah reward you.