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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On 18 July 2019, the South African National Zakah Fund (SANZAF) hosted an exhibition to showcase artworks produced by residents from Cheshire homes Summerstrand. The artwork which was on sale at the exhibition is produced by artists with physical challenges. Some of the artwork was produced using toe, lips and quadriplegic hands. The Artable exhibition aimed to promote the extraordinary work done by these artists. SANZAF hosted this initiative in commemoration of the international Nelson Mandela Day. The exhibition took place at South End Museum on 18 July from 04pm to 07pm. The Artists involved were namely Dan Mkele, Jackson Gqomo and Sarah Mackay.

SANZAF also delivered its winter warmth drive at the exhibition. 25 brand new blankets and bedding were given to the residents of Cheshire Homes Summerstrand. There was also special program for University students that are currently funded by SANZAF. SANZAF invited all members of our Nelson Mandela Bay community to support the work done by the artists from Cheshire Homes by visiting the exhibition to view and purchase the art produced by these extraordinary artists

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