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 World Zakah Forum was established as a platform to formulate effective solutions to the multi-faceted issues facing the Islamic World such as effective collection and distribution of Zakah, socio-economic development in Muslim communities and the empowering of the Ummah around the world. Between the 5th and 7th of December 2018, the World Zakah Forum hosted their latest International Conference in Melaka, Malaysia

The conference played host to 300 attendees including 31 speakers from 16 countries, including England, Nigeria and India. SANZAF was proud to have our Chief Executive Officer, Yasmina Francke, represent South Africa on the world stage as one of the speakers. In addition to discussing the practices and environment that the South African National Zakah Fund operates in, our CEO presented on how Zakah can be aligned to achieve some of the sustainable goals set by the United Nations to be achieved by 20130.

This opportunity also allowed her to not only gain an international perspective and insight into the Zakah management practices and principles which she brought home but also gauge SANZAF on a world platform in respect of how the organisation’s approach, methodologies and even challenges compares to international best practices.

The Conference discussed various contemporary and updated topics on global zakat development. It was noted the growing role of Zakah plays in solving global poverty and inequality, and proposed new approaches utilizing the third pillar of Islam.

Based on the two-day discussions, a few of the outcomes of the World Zakah Forum were:

  • The philosophy and core values of Zakah should be strictly observed in increasing the welfare of Ummah.
  • Zakat should be considered as a complementary financial resource in the achievement of Sustainable Development Goals.
  • The World Zakah Forum calls on all its members to adopt Zakah as a critical policy instrument in socio-economic development in their respective countries.
  • Zakah centred organisations should be required to be transparent and accountable in publishing their reports to the public.
  • The World Zakah Forum reiterates its willingness to cooperate with developing countries in combating poverty through blended financing of Zakah and donation of the respective developing countries.

This memorable occasion is testament to SANZAF’s commitment to leading the way in efficient, relevant and effective Zakah collection and distribution.

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What is WAQF?

waqf icons6A Waqf is a voluntary, permanent, irrevocable dedication of a portion of one’s wealth – in cash or kind – to Allah (SWT) and is often offered as a charity.
Land and buildings have frequently been given as Waqf, and used to build schools, hospitals and mosques, amongst other functions to benefit the community. SANZAF accepts monetary donations as Waqf, investing the money by for example, purchasing property or doing renovations to a masjid to benefit society.

SANZAF Orphans Waqf
Supporting the Bait Haleema Sa’diyya Orphanage

UNICEF estimates that there are 3.7 million orphans in South Africa, about half of whom have lost one or both parents to AIDS. In addition, 150 000 children are thought to be living in child-headed households. This leaves children having to fend for themselves, their younger siblings and even sickly parents. The same children are often forced to drop out of school and earn an income by any means possible.

The SANZAF Orphans’ Waqf was established in 2009 as a sustainable resource-base to support orphans and destitute children in South Africa. The waqf forms a perpetual endowment, whose capital/earnings are designated for supporting orphans.

This year SANZAF will be supporting the Bait Haleema Sa’diyya Orphanage project in providing orphaned and destitute youth with a safe and healthy environment for living and learning. The orphanage will cater for approximately 60 children and seeks to provide high-quality facilities to these orphaned children. The orphanage will consist of 10 x 6 sleeper units, each unit will have a sleep-in care giver (house mother), thereby creating a more homely, child-friendly and development-orientated environment. The orphanage will also have a common eating and homework area, although each unit will have its own kitchenet, lounge and study area.

Make a difference in the lives of children by assisting us to support Bait Haleema Sa’diyya Orphanage in Ennerdale, Gauteng, with the sponsorship of a building.

Contribute any amount with Niyyah of Sadaqah-Jaariyah for a loved one who has passed on.

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Cheque Handover Details

#GiveHope Monthly via Debit Order:
pdf SANZAF Debit Order Application Form (70 KB)

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