The Virtues of Ramadan are many.
He who fasts Ramadan, having faith and hoping for reward from Allah then his past sins are forgiven (Bukhari)
“Ramadan is the month of giving and mercy, and in it, Allah blesses the believers with forgiveness and being saved from Hellfire. Therefore, whoever is merciful and giving in Ramadan, Allah will be even more Merciful and Giving and will bestow upon him countless bounties and blessings.”
An act of goodwill that is prescribed by Allah (SWT) himself should be carried out throughout the year with the sole intention of pleasing Him. However, when the Holy Month of Ramadan arrives, every type of worship and the act of pleasing our Lord should be increased, including the noble act of charity.
The Prophet Muhammad (PBUH) is reported to have said:
“Ramadan is an honourable and blessed month, and the rewards for generosity are multiplied in it.”