Daily Nisaab Prices

22 August 2019 / 20 Dhil Hijja 1440
Nisáb = R6288.94
Silver = R10.27/g (R319.45/oz)
Gold = R846.81 /g (R22 873.41/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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icon6The returns to higher education are well known across the globe. In South Africa it is estimated that 95% of university graduates are employed, and that graduates contribute 65% of GDP. However, there are many obstacles to entering tertiary education, one of the greatest being the high costs associated with university; including academic fees, text books and living expenses. It is in this light that SANZAF supports high-achieving students in attaining tertiary education. SANZAF’s bursary programme supports undergraduate students (and postgraduate students in certain specialised fields) by paying for their academic fees, textbooks and providing a small stipend for living expenses. It is thought that easing the financial burden on these students and their families will allow them to focus on their university careers, graduate and ultimately secure employment and independence. Applicants apply online, are shortlisted, interviewed and assessed for financial eligibility. Students must re-apply every year, demonstrating satisfactory academic performance before successive years of funding can be approved. For the 2018 academic year, SANZAF has 170 students on their bursary programme, 65 of which are new.