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Daily Nisaab Prices

22 June 2018 / 08 Shawwal 1439
Nisáb = R5 333.66
Silver = R8.71/g (270.91/oz)
Gold = R639.29/g (R17 260.79/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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SANZAF Education Empowerment and Development (SEED)

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SANZAF realises that poverty can be alleviated through a focus on knowledge and skills training. this leads to economic prosperity and quality of life for the beneficiary. The SANZAF Education Empowerment and Development (SEED) Programme is a means for SANZAF to shift its focus from basic welfare to a development and empowerment approach. SEED is a means of creating a brighterfuture, transforming the lives of children and youth. The Fund recognises that education is multi-faceted and requires a dynamic approach, from early childhood, to high school and tertiary level, as well as providing opportunities for post graduate research