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Daily Nisaab Prices

05 November 2018 / 25 Muharram 1440
Nisáb = R5186.69
Silver = R8.47/g (263.36/oz)
Gold = R655.75/g (R17 705.75oz)
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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Chris Mabunda, a WITS university student and one of 35 student entrepreneurs from around the world was selected to attend the annual Global Entrepreneurship Summer School (GESS) programme in Munich Germany.

Chris was selected after he started a project in 2016 that manufactures eco-friendly bricks and cement from waste materials to assist people living in rural areas to build low cost housing. However, Chris encountered an obstacle of funding to cover his flight to Germany. An individual contacted SANZAF and explained Chris’s situation to which a decision was made to sponsor Chris’s trip to Germany. An ecstatic Chris departed from SANZAF full of smiles and eager to further develop his skills.

The SANZAF team wishes Chris the best of luck in his future.

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**no zakah funds were utilised for this initiative