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Daily Nisaab Prices

20 April 2018 / 04 Shaban 1439 
Nisáb = R4,978.49
Silver = R8.13/g (252.94/oz)
Gold = R596.95/g (R16115.30/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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WE always seem to recognise things around us in cycles. We have the cycles of life (the seven stages of man described by Shakespeare) and the cycles of the weather, today a big concern to us, due to global warming. Then we have the cycle of bear and bull markets, the ups and the downs, on the stock exchanges of the world.

RAJAB, the seventh month of the lunar Islamic calendar, is as the Qur’an [9:36] tells us, a holy month. “On the day Allah created heaven and earth, He decreed that the number of months should be twelve. Of these, four (Rajab, Dhul Qa’dah, Dhul Hijjah and Muharram) are sacred…”