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Daily Nisaab Prices

15 July 2020 / 24 Dhil Qaida 1441
Nisáb = R7 294.11
Silver = R11.91g (R370.49oz)
Gold = R1 120.21g (R34 842.33/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.

More Zakah Questions and answers

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