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Daily Nisaab Prices

20 August 2019 / 18 Dhil Hijja 1440
Nisáb = R6344.05
Silver = R10.34/g (R322.28/oz)
Gold = R852.17 /g (R23 018.47/oz)

Prices & Calculations include VAT

What is the meaning of Nisáb?

Nisáb is a minimum amount of wealth which makes one liable to pay Zakáh. The person who possesses an amount equal to or greater than this specified minimum wealth, which remains in his or her possession for a period of one year is considered wealthy enough to pay the Zakáh.

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Latest Inspiring Stories & News

Latest News
20 August 2019

MEDIA RELEASE: SANZAF 2019 AUDITED ANNUAL FINANCIAL STATEMENTS RELEASE ANNOUNCEMENT

The South African National Zakah Fund (SANZAF) is pleased to announce the financial results of its year ended 30 April 2019/24 Shabaan 1440.

“We are immensely appreciative of our donors, partners and volunteers whose support allowed SANZAF to forge ahead with our purposeful and structured projects and programmes aimed at providing the enablers to a better future for those battling the challenges of poverty every day”, says Shauket Fakie, SANZAF’s outgoing National Chairperson.

During the reporting period, the organisation reached its 45th year milestone, marked by an encouraging increase in the distribution and expended of total funds collected, from 98% in the previous year to 104%. With over 30.4 million South Africans living in poverty*, this increased distribution is significantly impactful, given the enormity of the task at hand.

The organisation also reported an increase in its collections for the year under review of R137 million of which R98.3 million comprised of Zakah income. Such an increase amidst tough economic conditions, is reflective of the heightened awareness of the plight of the poor and the importance of paying Zakah.

A noteworthy R24 million was disbursed with SANZAF’s Education, Empowerment and Development (SEED) Programme ranging from bursaries for tertiary education to youth development projects.

This past year, SANZAF sadly noted the passing of three stalwarts, Dr Shauket Thokan, Abdool Carrim Gani and Shaykh Yusuf da Costa. These committed members served the organisation with a clarity of purpose that continues to inform our mission and strategic objectives. Such clarity enabled the smooth transition to new leadership as Fayruz Mohamed took the reins as the National Chairperson and Yasmina Francke as the Chief Executive Officer.

“As we look to 2020 and beyond, we remain focussed on our mandate of upholding the 3rd pillar of Islam and continue in our endeavours to exercise the highest level of governance in fulfilling the amaanah entrusted to us. Our focus on operational proficiency will ensure that we continue to effectively serve the community with dignity and compassion”, says Fayruz Mohamed, the new National Chairperson.

The Summarised Annual Review of Activities and Audited Annual Financial Statements for 2019 can be viewed at https://www.sanzaf.org.za/sanzaf-announces-annual-financial-results.html

* Oxfam Inequality Report 2019

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Latest News
20 August 2019

SANZAF Announces Annual Financial Results

The South African National Zakah Fund (SANZAF) is pleased to announce the financial results of its year ended 30 April 2019/24 Shaban 1440.

During the reporting period, the organisation reached its 45th year milestone, marked by an encouraging increase in the distribution and expended of total funds collected, from 98% in the previous year to 104%.

Amidst tough economic conditions, the organisation also reported an increase in its collections for the year under review of R137 millions of which R98.3 million comprised of Zakah income.

A noteworthy R24 million was disbursed with SANZAF’s Education, Empowerment and Development (SEED) Programme ranging from bursaries for tertiary education to youth development projects.

The Summarised Annual Review of Activities and Audited Annual Financial Statements for 2018/2019 (1439/1440) can be viewed here

Audited Annual Financial Statement 2018/2019

Summarised Annual review of Activities and Audited Annual Financial Statement 2019

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Blog
25 July 2019

Nabi Ibrahim and the message of Qurbani

THE historical roots of the Qurbani, the ritual sacrifice, which heralds the Hajj and the festival of ‘Eid ul-Adha, run very deep in mankind’s history. Sacrifice has been the fabric of human worship since time immemorial.

In the earliest days, ritual sacrifice was used to placate the deities the early peoples felt resided in the world around them. Communities, looking into the skies and nature, would usually make sacrifices during the spring solstice.

It was believed that the sacrifice would ensure plentiful crops, good weather and a respite from calamities. These were superstitious practices often manipulated by unjust rulers, and their priests, to ensure that the common man was kept under control.

Some of these practices involved human sacrifice. The Egyptians, for instance, would bury pharaohs with their servants, so that their needs would be met in the afterlife. The civilizations of Mesoamerica, such as the Aztecs and the Incas, ceremonially slaughtered their subjects, and even dumped treasure in lakes to appease the gods.

In Mesopotamia there was a god for every day of the week. Ur is a Mesopotamian capital where the Prophet Ibrahim was born. Later, he moved to Harran. It was built by Nimrud, the Old Testament dictator. Harran was the centre of the moon god, Sin, and Ibrahim’s father, Azar, was an idol maker.

A significant moment is recorded when the prophet Ibrahim looks around him to find God. The Qur’an recounts this when he sees a star, and says, “Surely, this is my lord.” But when the star sets, he rejects it. The same happens with the moon and the sun, and Ibrahim declares he has no partners with Allah.

The early Muslims would have recognised the prophet Ibrahim’s philosophical dilemma. Those who became Muslim at the time of the blessed Prophet Muhammad in the 7th century would have rejected these very same gods on their road to faith.

Historically, it took the Prophet’s great ancestor, Ibrahim, to bring the revelation of monotheism to focus the human spirit on one God. The prophetic message came to lift humanity out of the morass of ignorance, superstition and oppression, which had resulted from polytheism’s tyrannical pantheon of gods. 

It was Ibrahim who smashed the idols in the Harran temple, cleverly leaving one behind. When the enraged inhabitants accosted Ibrahim, his reply was that they should ask the remaining idol, as it had witnessed the event.

Enraged, Nimrud had built a massive fire to burn Ibrahim as a punishment. This was a human sacrifice designed to strike fear into the hearts of the people.

We all know that Allah protected Ibrahim in the fire. The Qisas al-Anbiya’ says that for Ibrahim it became a cool garden. Nimrud met a sticky end when a gnat crawled up his nose into his brain, causing migraines.

Nimrud’s pain could only be lifted when a courtier struck him on the head. The courtier had to hit him harder each time for relief. He eventually killed Nimrud by splitting his skull. The gnat then flew out proclaiming “la ilaha illallah” (there is no God except Allah).

Nabi Ibrahim’s biography is detailed, and his contribution to the framework of monotheism is colossal. Without doubt, the most critical juncture of his prophethood is when he is ordered by Allah to sacrifice his son, Isma’il, near Mina.

We have to understand that this was something that would have been understood by people at a time when human sacrifice was not uncommon.

However, this is where the Qur’an is so clever. For as the knife refuses to cut Nabi Isma’il’s throat, humanity is shown mercy. We will not have to sacrifice our sons. Nabi Isma’il, the forbearing one, will be replaced by a handsome ram with large horns.

Allah shows the believers that he will test them, but more pertinently, he shows the unbelievers that His Compassion wins the day. Allah shows he is a caring God. He is not a trivial God. He is not whimsical by nature. He is not manipulated. He is a Great God. He is the Greatest God. He is the only One.

By ordaining that we sacrifice animals with compassion for His sake on the three days of Dhul Hijjah, Allah reminds us of His beloved emissary, Ibrahim.  The message is clear: Qurbani (or Udhiyyah) is a sign of Allah’s Supreme Mercy, and when we distribute the sanctified meat to the less fortunate it is a reminder of Allah’s Supreme Generosity, as those who qualify for Zakah, qualify for Qurbani meat.

For as the Prophet [saw] said:

“There is nothing dearer to Allah during the days of Udhiyyah than the sacrificing of animals. The sacrificed animal shall come on the Day of Judgment with its horns, hair, and hooves (to be weighed). The sacrifice is accepted by Allah even before the blood reaches the ground. So, my beloveds, sacrifice with an open and happy heart…”

_______________________________________________________________________________

Thinking of Qurbani this year? Why not go with SANZAF. Malawi, Mozambique or local. Call us at 0861-726-923

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Latest News
22 July 2019

SANZAF Gives Hope on Mandela Day!

IT WAS A BEAUTIFUL DAY!

Yesterday SANZAF teams across the country did their part for #MANDELADAY2019.

From Pietermaritzburg to Polokwane, Durban to Cape Town and the small town of Ladysmith!

Blankets, Books, Warm Meals and Gifts were distributed all to #GiveHope to those less fortunate.

To find out more information visit www.sanzaf.org.za or call 0861 726-923

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Latest News
21 July 2019

SANZAF commemorates Mandela Day with art exhibition for disabled artists from Port Elizabeth

On 18 July 2019, the South African National Zakah Fund (SANZAF) hosted an exhibition to showcase artworks produced by residents from Cheshire homes Summerstrand. The artwork which was on sale at the exhibition is produced by artists with physical challenges. Some of the artwork was produced using toe, lips and quadriplegic hands. The Artable exhibition aimed to promote the extraordinary work done by these artists. SANZAF hosted this initiative in commemoration of the international Nelson Mandela Day. The exhibition took place at South End Museum on 18 July from 04pm to 07pm. The Artists involved were namely Dan Mkele, Jackson Gqomo and Sarah Mackay.

SANZAF also delivered its winter warmth drive at the exhibition. 25 brand new blankets and bedding were given to the residents of Cheshire Homes Summerstrand. There was also special program for University students that are currently funded by SANZAF. SANZAF invited all members of our Nelson Mandela Bay community to support the work done by the artists from Cheshire Homes by visiting the exhibition to view and purchase the art produced by these extraordinary artists

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Durban
16 July 2019

Durban Mandela Day Activities

BEATRICE DBNDBN ADDINGTON

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Durban
03 July 2019

Latest Durban Events Calendar July 2019

events july

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Latest News
02 July 2019

SANZAF Chairperson: Fayruz Mohamed

Fayruz Mohamed has been involved with SANZAF for over 20 years of which the latter 10 years she has held various national roles, 6 years of which was that of National Treasurer.

She is a Chartered Accountant and Certified Director and serves on a couple of boards as a non-executive director.

Her priority remains that of being a full-time Mom of four (4) and utilises most of her spare time in giving back to the community through her voluntary role at SANZAF.

A staunch advocate for women empowerment, especially in the workplace, Fayruz believes that her ability in dealing with people and striving for equality has been a pivotal factor in her success.

She aims to use her expertise and commitment to helping those less fortunate to lead the organisation into the future always looking to build on the effective and efficient collection and distribution of Zakah.

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HOPE
[hohp] noun, verb

The true foundation of hope is the good that we do in this life.
(see also: ‘believe’, ‘courage’, ‘I can do this’)
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