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Daily Nisaab Prices

13 Aug 2020


Nisáb = R10 070.19
Silver = R16.44g (R511.49oz)
Gold = R1 235.21g (R38 419.29/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

The Global Good Governance Awards spearheaded by Cambridge IFA presented the South African National Zakah Fund (SANZAF) with the Capacity Building award in an online ceremony held on 8 June 2020 via livestream.

The Global Good Governance Awards or 3G Awards celebrate individuals, governments, public and private institutions and NGOs that demonstrate making governance and sustainability a strategic priority of their organisations. The awards highlights excellence in good governance and commitment to social welfare in 3 major streams: Government & Politics, Corporate Sector, and Social Sector & Philanthropy.

Since its debut, over 150 awards have been presented to some exceptional individuals and institutions drawn from more than 25 countries in different continents.

SANZAF CEO, Yasmina Francke commented that the award reflects the organisation’s 46-year commitment to changing lives and making a positive impact in the fight against poverty.  She said, “through our various outreach initiatives we aim to provide the enablers to economic self-sufficiency in order to transform lives and make a meaningful difference”. She added, “our focus is on skills development, education and capacity building to ensure long-term sustainable solutions that would give rise to a dignified existence for those we serve”.

Professor Humayon Dar, Chairperson of the Global Good Governance Awards commended SANZAF on the achievement.  “We congratulate SANZAF for having been recognised with this year’s 3G Capacity Building Award. This category has been very competitive over the past five years, and only the best institutions in their class have won this award. SANZAF’s comprehensive range of activities contributed to this success, for which I congratulate the whole team, especially the top management”, said Dar.

SANZAF National Chairperson, Fayruz Mohamed added, “The work we do at SANZAF is driven by our passion to assist those in need.  We deliver projects and programmes that offer long-term sustainable solutions to the extremely high levels of poverty and unemployment in South Africa. This has always been done in a manner that is transparent and accountable.  We are humbled to receive this prestigious 3G award for Capacity Building and thank the team at 3G Awards for their efforts in delivering on these awards, amidst the current challenges of the global pandemic that is affecting the world right now.

The Annual 3G awards Ceremony 2020 was scheduled to take place in Indonesia but was instead held via live stream due to the global impact of the COVID-19 pandemic.