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Daily Nisaab Prices

15 July 2020 / 24 Dhil Qaida 1441
Nisáb = R7 294.11
Silver = R11.91g (R370.49oz)
Gold = R1 120.21g (R34 842.33/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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Daily Nisaab

waqf icons6SANZAF Gauteng staff handed a cheque of funds collected to date to the Bait Haleema Sa'addiya Orphanage on Sunday 27 January 2019. The funds will be utilised as a sponsorship for a new building on their premises.

Funds to date amounted to R400 000 and will be used to build a safe environment for orphaned children to live and learn.

Watch the ceremony or take a tour of the facilities on Facebook by clicking on the links below:

https://www.facebook.com/salaam.edia.92/videos/231458711124866/UzpfSTUzMjMwNDc0MzYwMzg0NzoxMTYwNDc4MjM3NDUzMTU4/

https://www.facebook.com/salaamedia/videos/598834220528651/

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