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Daily Nisaab Prices

14 August 2018 / 02 Dhil Hijja 1439
Nisáb = R5223.43
Silver = R8.53/g (265.17/oz)
Gold = R634.65/g (R17 134.99/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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The South African National Zakah Fund (SANZAF) is pleased to announce the financial results of its period ended 30 April 2018/14 Shabaan 1439.

“We are eternally grateful to our donors, whose support of our projects and programmes has resulted in SANZAF collecting a total of over R133 million during the reporting period, amid a challenging economic environment,” says SANZAF National Chairperson, Shauket Fakie.

Our Zakah income for this period amounted to R96 million, compared to R111 million in the previous year which, along with our Non Zakah income, enabled us to make a significant impact on the lives of the poor and needy.

The past year has indeed been one of renewed affirmation for SANZAF, as we continue to actively fulfil our mandate to effect meaningful and sustainable change through development and relief.

“We are pleased to report that the proportional distribution of total funds collected, has increased from 91.5%, in the previous year, to 98.2%. This increased distribution is reflected in our empowerment initiatives, which give credence to SANZAF’s new brand positioning of embodying hope in all we do,” added Fakie.

It is noteworthy to mention that our expenditure on the SANZAF Education, Empowerment and Development (SEED) Programme amounted to R27.7 million, which was invested in a number of initiatives ranging from bursaries for tertiary education to development projects that have enabled beneficiaries to become self-sufficient.

The Summarised Annual Review of Activities and Audited Financial Statements for 2017/2018 (1438/1439) can be viewed on www.sanzaf.org.za/about-us/audit-reports-downloads/54-summarised-annual-review-of-activities-and-annual-financial-statements-2018/file.html and the Audited Annual Financial Statements can be viewed on www.sanzaf.org.za/about-us/audit-reports-downloads/55-audited-annual-financial-statements-2018/file.html

For more information on SANZAF projects and programmes, follow us on Twitter @SANZAFSA and Instagram @sanzaf_official, like us on Facebook or visit our website at www.sanzaf.org.za

Media enquiries: Contact Sakeena Bock or Nurene Jassiem on 083 676 3979 / 021 447 0297 or email at: communications@sanzaf.org.za

Download Full Article here pdf SANZAF 2018 Audited Annual Financial Statements Release Announcement (275 KB)

For more than 43 Years, SANZAF has been effectively collecting and distributing Zakah, Fitrah and Fidyah to the needy.

Thank You for helping us #Givehope as we continued to serve Humanity this past holy month. From Gauteng to Durban, Port Elizabeth to Pietermaritzburg, Kimberley, East London, Ladysmith and all through the Western Cape, our dedicated staff and loyal volunteers worked hard to ensure we provided Iftar to over 185 000 individuals and have run various other development, awareness and food programmes throughout the country.

In addition, our offices nationwide distributed over 23 000 Fitrah Food Hampers across South Africa!

A heartfelt thank you to our volunteers and most importantly donors whose contributions allow us to #Givehope to those in need!

Channel your Zakah, Fitrah and Fidyah through SANZAF.

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The South African National Zakah Fund (SANZAF) in its endeavours to provide relief and assistance to the poor and needy, appreciates the importance of social stability in order to effect positive change.

In offering its support to the Cape Accord, SANZAF sought to uphold the dignity of human beings, fostering understanding and projecting a positive image of Islam. Whilst these factors are instrumental to social cohesion and are aligned to the organisation's values, the Cape Accord in itself, was met with dissenting views from various communities and Ulama fraternities.

Shauket Fakie, SANZAF National Chairperson commented: "After wider consultation and due consideration, we are withdrawing our support of the Cape Accord. We are doing so for the very principles that we supported the document initially - to promote peace, harmony, tolerance, mutual respect and compassion".

With Eid-ul-Fitr a few days away, all efforts at SANZAF continue to be focussed on the distribution of over 23 000 fitrah hampers throughout the country to ensure that no Muslim goes wanting on the joyous day of Eid-ul-Fitr.

ISSUED BY: SANZAF COMMUNICATIONS. 12 June 2018. www.sanzaf.org.za
FOR MORE INFORMATION, CONTACT:  Shauket Fakie, National Chairperson - Shauket.Fakie@sanzaf.org.za

pdf Full SANZAF Statement for download (337 KB)