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Daily Nisaab Prices

22 May 2018 / 06 Ramadan 1439 
Nisáb = R5,027.48
Silver = R8.21/g (255.51/oz)
Gold = R609.99/g (R16468.33/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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For more than 43 years, SANZAF has been a source of hope to those in need. SANZAF works in a proactive way in sectors such as welfare and development, education, emergency relief, food aid and shelter to the needy. 

With your help we have positively shaped the lives of many and have instilled hope in the future.  

The South African National Zakáh Fund (SANZAF) is a faith-based, socio-welfare and educational organisation that strives to facilitate the empowerment of needy families through the efficient collection and effective distribution of Zakáh and other Sadaqát in a proactive and cost effective way through projects – with dignity, sincerity and a shared responsibility. All in the service of the community and for the pleasure of Allah (SWT).

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 REGISTRATIONS & STATUS

  • Registered as a non-profit organisation (NPO 007-160)
  • Registered with SARS for vat (4320215348)
  • Registered as a trust (IT 1670/96)
  • Registered as a public benefit organisation (PBO 930001714)
  • Registered with SARS for tax exemption (RG/0240/08/04)
  • Membership with Proudly South African (CM 040623/9)
  • Recognition by Social Services as a service provider
  • Recognition by Disaster Management of the City of Cape Town.
  • Recognition by the Mayoral office of the Unicity of Cape Town
  • Recognition by the Director of the Volunteer Centre.

What it means to be registered as a Public Benefit Organisation (PBO)

A Public Benefit Organisation (PBO) is any welfare, religious or cultural body, private school, bursary fund or charitable trust that has been approved by SARS. The PBO's legal status can take the form of either a Trust, a section 21 Company or an Association of Persons. SANZAF is registered as a Public Benefit Organisation (PBO – 930001714). The benefit to the donor is that any cash donation that is made to SANZAF can be claimed back from SARS. By donating to a tax exempt body the donor benefits from paying the 10% Donations Tax and Income Tax on Donations to certain PBO's. As an example, for a cash donation of R10, 000, an amount of R1,000 can be claimed back from SARS. As a result of its registration as a PBO, SANZAF is authorized by SARS to issue its contributors or donors with a Section 18A Tax certificate upon request. This will allow them to claim their 10% donations tax rebate. In this way, you are able not only to assist SANZAF help those displaced from their businesses and homes but also other relief organisations in South Africa.