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Daily Nisaab Prices

12 October 2019 / 13 Saffar 1441
Nisáb = R6399.16
Silver = R10.45/g (R325.02/oz)
Gold = R830.33 /g (R22 427.75/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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Fayruz Mohamed has been involved with SANZAF for over 20 years of which the latter 10 years she has held various national roles, 6 years of which was that of National Treasurer.

She is a Chartered Accountant and Certified Director and serves on a couple of boards as a non-executive director.

Her priority remains that of being a full-time Mom of four (4) and utilises most of her spare time in giving back to the community through her voluntary role at SANZAF.

A staunch advocate for women empowerment, especially in the workplace, Fayruz believes that her ability in dealing with people and striving for equality has been a pivotal factor in her success.

She aims to use her expertise and commitment to helping those less fortunate to lead the organisation into the future always looking to build on the effective and efficient collection and distribution of Zakah.