'Sadaqah (Charity) Does Not Decrease Wealth.' (Muslim)
Sadaqah, which derived from the Arabic root Sadq (truth) means any form of charitable giving that is voluntary. Every action of righteousness done to benefit another is considered as Sadaqah, be it smiling or feeding the poor. It is noteworthy to highlight that charity is the only form of spending, where your wealth never reduces from giving to another.
Sadaqah is the voluntary giving and acts of righteousness done to help the poor and needy to please Allah (SWT). It is a spiritual obligation upon every Muslim who is looking forward to please Allah (SWT) to give of what He has bestowed upon us. Sadaqah can be given to anyone at any time of the year.
