Daily Nisaab Prices

16 July 2018 / 2 Dhil Qaida 1439
Nisáb = R5 033.60
Silver = R8.35/g (259.65/oz)
Gold = R618.38/g (R16 695.06/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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