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Daily Nisaab Prices

14 August 2018 / 02 Dhil Hijja 1439
Nisáb = R5223.43
Silver = R8.53/g (265.17/oz)
Gold = R634.65/g (R17 134.99/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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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.

Hence SANZAF dedicated itself in working together with the community in providing simple yet comfortable means to sustain needy families in providing a solution to poverty alleviation. SANZAF subsequently formulated and launched a programme entitles Budget Beaters Cooking Programme which empowers and educates the community to prepare nutritious ad sumptuous meals for a family of four at a cost ranging from R 20 to R 40.

Cooking demonstrations are held once a month at the Durban office in order to train the community to prepare nutritious meals for their families. The recipes used in demonstration were collated and a Budget Beaters Recipe book was published which is available from the Durban office.  

To sponsor a book for one of our many recipients call 031 309 6786