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Text and translation
English translation
1787. Khâlid bin Aslam, the freed slave of 'Umar bin Khattâb, said: "I went out with 'Abdullâh bin
'Umar, and a Bedouin met him and recited to him the words of Allâh: 'And those who hoard up gold and silver (the money, the Zakâh of which has not been paid) and spend them not in the way of Allâh.'[1] Ibn 'Umar said to him: 'The one who hoards it and does not pay the Zakât due on it, woe to him. But this was before the (ruling on) Zakât was revealed. When it was revealed, Allâh made it a purification of wealth.' Then he turned away and said: 'I do not mind if I have (the equivalent of) Uhud in gold, provided that I know how much it is and I pay Zakât on it, and I use it in obedience of Allâh, the Mighty and Sublime.'" (Sahih)
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Commentary
Giving away as a charity in the path of virtue, other than paying Zakât and spending for other compulsory expenses, is a voluntary worship.
Payment of Zakât purifies the rest of the wealth, otherwise all wealth remains impure.