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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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The South African National Zakah Fund is pleased to announce the appointment of Yasmina Francke as their new CEO. She assumes responsibilities on 1 June 2018

Her key focus is to direct the strategic and operational activities of SANZAF in line with its strategy and business plan and to effectively control and manage the administration of SANZAF, as well as the implementation and achievement of the strategic goals, vision and the long term sustainability of the organization.

On behalf the Shauket Fakie, SANZAF National Chairperson and its leadership we would like to take this opportunity to wish Yasmina well in her role as CEO and may Allah (SWT) grant her the insight and Wisdom to lead this organization.