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Daily Nisaab Prices

11 December 2019 / 14 Rabi-ul-Akhir 1441
Nisáb = R5958.26
Silver = R09.73/g (R302.61/oz)
Gold = R804.63 /g (R21,732.73/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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