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Daily Nisaab Prices

23 July 2018 / 09 Dhil Qaida 1439
Nisáb = R4960.12
Silver = R8.12/g (252.57/oz)
Gold = R611.38/g (R16 505.79/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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This May marked SANZAF’s (South African National Zakah Fund) fifth annual Adopt-a-granny Campaign. The project aims to allow school students to give back to their communities in a meaningful way. Students identify deserving elderly women in their communities and then treat them to breakfast and a winter-warmth shopping spree.

The project, which appreciates Islam’s concern for the elderly, allows students to learn about this important Islamic value through experience. It is thought that spending quality time with community elders will not only bring joy to the elders but also impact the way in which students view the elderly and their responsibility towards them and humanity as a whole.

The iniative also serves as an alternative to “click-charity”, where donors simply give charity through the click of a button - failing to give off their time or to connect with the recipient.

The project is structured such that each student spends his/her day with an elder, beginning with breakfast and ending with an opportunity for their respected ‘granny’ to shop at a Fashion World in the area. This year, the project took place across 18 schools across Gauteng, assisting 400 elderly women. The project is funded by SANZAF in partnership with Fashion World.

SANZAF is an NGO dedicated to changing lives through development and relief.

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