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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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The South African National Zakah Fund (SANZAF) is pleased to announce the financial results of its year ended 30 April 2019/24 Shaban 1440.

During the reporting period, the organisation reached its 45th year milestone, marked by an encouraging increase in the distribution and expended of total funds collected, from 98% in the previous year to 104%.

Amidst tough economic conditions, the organisation also reported an increase in its collections for the year under review of R137 millions of which R98.3 million comprised of Zakah income.

A noteworthy R24 million was disbursed with SANZAF’s Education, Empowerment and Development (SEED) Programme ranging from bursaries for tertiary education to youth development projects.

The Summarised Annual Review of Activities and Audited Annual Financial Statements for 2018/2019 (1439/1440) can be viewed here

Audited Annual Financial Statement 2018/2019

Summarised Annual review of Activities and Audited Annual Financial Statement 2019

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