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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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Daily Nisaab

7 May 2020 – KIA Motors South Africa, a subsidiary of Motus Corporation, this week donated three KIA K2700 light commercial vehicles and three KIA Picanto STARTs to SANZAF to assist the organisation in delivering food and other welfare support services to vulnerable communities during the Covid-19 Lockdown. 

Gary Scott, KIA Motors South Africa commented,  “When the need is overwhelming and urgent, the best way to approach the problem is through a well coordinated plan and a network of committed people." He added, “It is through coordination, commitment and passion that SANZAF has achieved this, month after month, for the past 45 years. We are honoured to donate vehicles that will make this task easier.”

For full press release click on link below:
pdf SANZAF KIA Donation Press Release (257 KB)

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