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Daily Nisaab Prices

14 November 2018 / 06 Rabi-Ul-Awwal 1440
Nisáb = R4880.51
Silver = R7.97/g (247.87/oz)
Gold = R643.46/g (R17 373.35oz)
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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As the month of Muharram heralds the dawn of the new Islamic year, so too it is a special time for Muslims around the world. Just as it is associated with giving, taking stock of ourselves and where we are going spiritually it is also a time of joy and mercy. The month of Muharram is one of the four sacred months which is ushered in by fasting especially the first ten days, which are resplendent with spiritual reward. In line with the hadith by Tabarani and Al-Bayhaqi in which it reported that Nabee Muhammad (SAW) said: “One who generously spends on his family on the 10th of Muharram (day of Ashura), Allah will be generous on him for the entire year.” SANZAF reached out to our Madrassahs in celebrating the significance of this special month by distributing 30 food packs to four of the Madressah’s on 20 and 21st September 2018. Learners had the opportunity of enjoying some sandwiches, fruit and party packs. The Madressah`s benefitting from this initiative are based in Marikana, Motherwell, Kwazakhele and New Brighton. The event forms part of a number of initiatives implemented annually by the Port Elizabeth office of SANZAF in celebration of the new Islamic year.