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Daily Nisaab Prices

16 July 2018 / 2 Dhil Qaida 1439
Nisáb = R5 033.60
Silver = R8.35/g (259.65/oz)
Gold = R618.38/g (R16 695.06/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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An explanation of the concept of sacrifice in Islam. Authored by Moulana Ebrahim Mokgabudi.

  pdf Click here (695 KB)  to download the full document.

Qurbani (or Udhiyya as the Shari‘ah refers to it) has become synonymous with ‘Id-ul-Adha, the festival of sacrifice. It is a time when Muslims the world over commemorate the sacrifice of Nabi Ibrahim (AS).

Similarly, the sunnah of the Prophet (S.A.W) was to perform the sacrifice of ‘Id-ul-Adha personally and in full sight of his companions. In so doing, he not only demonstrated how the animal should be treated and slaughtered, but he also taught us that the best method of dawah was through one’s personal conduct.

According to Imaam Abu Hanifa (RA) it is a waajib to perform Qurbani annually if one has the means to do so.