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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.

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Daily Nisaab

A few months ago, when we were beginning to plan for our busiest month of the year, nobody ever thought that by Ramadan we would be facing some extraordinary moments in modern history.

And extraordinary they are. Coronavirus, an invisible, spiky organism, moves in January via its human hosts via China, through Europe and the US, to South Africa. By March 26 we go into a nation-wide lockdown to flatten the exponential curve of an explosively expanding virus to which there is no known cure.

At SANZAF, Ramadan is our busiest period, and as we hunker down in our digital spaces, be rest assured that for us, it will be business as usual. Our over-riding aim is to make an impact where it counts in these demanding times. People will need relief, and the imperative is that social development must continue. This means that our goals and aims have not changed, though the modalities of social distancing and safety have been introduced.

For over forty years, at SANZAF we have served as a trusted and transparent Zakah management organisation. We offer offers stakeholders absolute piece of mind through our effective, impactful and efficient collection and distribution of Zakah, Fitrah, Fidyah and Lillah. Our team, aided by experts in their fields, are professional, knowledgeable and thoroughly Shari’ah-wise about understanding Zakah.

Currently, the COVID-19 virus, the lockdown and its effect on all of us has necessitated that we expand on our usual grassroots activities to feed the underprivileged and unemployed, something we have done via strategic partnerships with government and other relevant agencies throughout all our regions. 

However, this special month of Ramadan we are still aiming to distribute over 15, 000 Fitrah hampers, thus benefitting over 60, 000 individuals, and to also provide over 100, 000 Iftaar meals to those in need on a nation-wide basis.

At SANZAF, we believe that our overarching message, changing lives through development and relief - with the necessary impact  - has gained an urgent and current import in that it cannot just be “business as usual”. COVID-19 affects us all and recognises no national, no class or wealth boundaries.  We have to stay in touch with what is happening right now, all around us.

Perhaps Ramadan 1441 has come at the perfect moment, giving us a chance to reflect on our Rabb in a world that has suddenly changed. There will be no brightly lit mosques awaiting our Tarawih, no mass Boekas with delicious feluda and dates or the silence and quiet refuge of the I’tikaaf in the glorious last ten days of the Holy Month.

For as we sit at home in lockdown, fortunate and thankful for the closeness of our families, for the warmth of our shelter and for the guarantee of a meal, we have to turn in all humility to  those millions less fortunate than us. Apart from being a month of intense spirituality, Ramadan also has to be a month of intense humanity. May Allah Almighty bless us in His most auspicious month, and may He, the Most Generous, lift our burdens by granting us Mercy, Forgiveness and Freedom from the Fire.