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Daily Nisaab Prices

24 June 2019 / 20 Shawwal 1440
Nisáb = R5284.67
Silver = R8.63/g (R268.33/oz)
Gold = R746.57 /g (R20 162.30oz)
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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SANZAF Tree Waqf

fruit treeClimate change patterns and the global financial crisis of the last decade have negatively impacted global food security. The Food and Agriculture Organization (FAO) contends that as many as 204 million people in sub-Saharan Africa, including South Africa are undernourished.
These adverse conditions leave many ordinary South Africans struggling to meet their basic needs. Inadequate food and poor nutrition in turn leads to stunted development, illness and the inability to work.

In keeping with its mission of changing lives through development and relief, SANZAF embarks on several projects to combat food insecurity. In the Gauteng region SANZAF currently supports two community-based farms. Smallholder farmers, we believe can play an important role in fighting hunger and creating opportunities for employment in South Africa. Smallholder and subsistence farms can increase food supply in communities, and consequently improve food security and nutrition.

This year SANZAF is embarking on a new project in partnership with the Winterveld Shurah. The Shurah is in the process of establishing a community orchard that will serve to create opportunities for employment as well as provide access to high-quality fresh produce. SANZAF will contribute 200 mature litchi trees in February 2019. Prior to the planting, the land will be prepared, an irrigation system installed and community members will be trained to manage and care for the trees.

The SANZAF Tree Waqf was established in 2009 as a sustainable resource-base to support Agriculture projects in the Gauteng region. The waqf forms a perpetual endowment, whose earnings are designated for agriculture in South Africa. The waqf system is traced back to the Prophet Muhammad (saw) who advised Umar (may Allah be pleased with him) to pledge a portion of land that he had acquired as a waqf. The land would remain intact, and could not be sold, while its fruits would be given as sadaqah (voluntary charity).

Donations to the SANZAF Tree Waqf are invested into the Waqf Fund, and its returns are disbursed, on an annual basis, to agriculture projects. Apart from forming a sustainable resource-base for community development, donations are a means of sadaqah jaariyah (perpetual charity) for the donor.

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