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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.

More Zakah Questions and answers

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SANZAF Bursary Program

South African National Zakah Fund supports the National Student Financial Aid Scheme “2020 Fully subsidised FREE higher education and training” for South Africans and encourages students to access this service in addition to the SANZAF bursary application.
Please visit www.nsfas.org.za to apply.

WC Bursary Applications opening will be on 01 September 2019 and the closing date 31 October 2019

This brief article is meant to highlight and conscientise the applicant and the applicant’s family as to who may apply and qualifies for a SANZAF Zakah Bursary. It is meant to raise moral / ethical issues in the hearts and minds of the applicant and the applicant’s family.

However, as the onus or burden of proof for eligibility to receive Zakah rests with the applicant and the applicant’s family, it is important that both the applicant and the applicant’s family read and understand the content of this document before submitting an application form. We apologise in advance if we offend anyone in the process.