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Daily Nisaab Prices

13 November 2019 / 16 Rabi-ul-Awwal 1441
Nisáb = R5837.30
Silver = R09.53/g (R296.49/oz)
Gold = R813.65 /g (R25,307.38/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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On 30 September 2019, SANZAF treated 120 of its elderly recipients from Port Elizabeth and Uitenhage, to a trip to Happyvalley beach front in Summerstrand. This was the third initiative from SANZAF`s Muharram program for recipients in celebration of the new Islamic year. Other initiatives include a skills development program for Madressah children and a youth empowerment camp. In this initiative SANZAF provided transport, breakfast, lunch and a cosmetic hamper worth R250 each for all the recipients. The program commenced at 9 o`clock and ended at 14h00. This program included a presentation from Diabetes South Africa. The recipients were taught how to prepare balanced and healthy diets as well as exercising techniques that keep the body strong enough to prevent Diabetes from escalating into vital organs. SANZAF annually offers opportunities like these to recipients to equip under resourced communities. 

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As the month of Muharram heralds the dawn of the new Islamic year, so too it is a special time for Muslims around the world. Just as it is associated with giving, taking stock of ourselves and where we are going spiritually it is also a time of joy and mercy. The month of Muharram is one of the four sacred months which is ushered in by fasting especially the first ten days, which are resplendent with spiritual reward. In line with the hadith by Tabarani and Al-Bayhaqi in which it reported that Nabee Muhammad (SAW) said: “One who generously spends on his family on the 10th of Muharram (day of Ashura), Allah will be generous on him for the entire year.” SANZAF reached out to our Madressahs in celebrating the significance of this special month by distributing 100 food packs to five of the Madressah’s supported by the PE office on 10 and 11 September 2019. Learners attending the Madressah`s had the opportunity of enjoying some fruit, party packs and received sufficient groceries for the rest of the month. The Madressah`s benefitting from this initiative are based in Marikana, Motherwell, Kwazakhele and New Brighton. This forms part of a number of initiatives implemented annually by the Port Elizabeth office of SANZAF in celebration of the new Islamic year.

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