Daily Nisaab Prices

22 September 2018 / 12 Muharram 1440
Nisáb = R4886.63
Silver = R7.98/g (248.19/oz)
Gold = R637.68/g (R17 217.26/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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Events Board Hospatility

Food security is one of the major concerns of SANZAF. Consequently, an economic survey was conducted with recipients and other relevant personnel in the region of Kwa-Zulu Natal. This survey revealed that the average income for the recipient families is between R 1500 to R 3500 and after payments of rental, electricity, water and transport, the amount available was minimal.