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Daily Nisaab Prices

11 December 2019 / 03 Rabi-Ul-Akhir 1440
Nisáb = R5045.85
Silver = R8.24/g (248.56/oz)
Gold = R645.93/g (R17 440.39oz)
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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On Thursday, 15 November 2018, SANZAF Gauteng hosted a graduation lunch for its entrepreneurs. The event was hosted in line with the Global Entrepreneurship Week, which takes place from 12-18 November 2018. The event was designed to celebrate the efforts of the entrepreneurs, allow them to connect with each other and to meet the SANZAF team. 32 students (past and current) and 14 staff attended the event, which also served as a graduation for the final cohort of students for the year. 12 students successfully completed the course and will go on to produce and present their personal business plans and ideas at the end of the month.

The keynote address highlighted eight habits for successful entrepreneurs and was delivered by Hoosen Essof. Five students also shared their experiences of the course and the life lessons that their own business ventures have taught them. Quraysha Mehta reminded the students that successful entrepreneurship requires hard work, dedication and trial, and error while Amin reminded his colleagues that “Allah is our first resource, not our last resort” in business, as in life.

Between February and November 2018, 51 students partook in the SANZAF Short Learning Programme in Small Business. 15 students have since started their own businesses, ranging from hair salons, takeaways, home industries, and a perfumery. The programme provides both practical and theoretical training to individuals with a penchant for business. The students attend six weeks of classes, which culminate in a Business Plan Competition where groups of students compete to design and present the best business plan. Students who successfully complete the course are awarded an NQF Level 1 certificate.

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