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Daily Nisaab Prices

22 June 2018 / 08 Shawwal 1439
Nisáb = R5 333.66
Silver = R8.71/g (270.91/oz)
Gold = R639.29/g (R17 260.79/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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On Sunday, 3 June 2018 at a public meeting held at Masjidul Quds in Gatesville, Cape Town the Cape Accord was presented for discussion and dialogue. The Cape Accord which was formulated in December 2017, is a public statement calling for tolerance amongst Muslims and seeks to summarise Islam’s core values of compassion, mutual respect, tolerance and freedom of religion, which are also the core values enshrined in the Bill of Rights and the Constitution of South Africa.

Acknowledging the importance of social stability and peace, SANZAF notes the right to follow one’s faith as being among the basic human rights that underpins our South African Constitution and adds its voice to the calls for harmony within the Muslim community and South Africa in general. SANZAF shares a commitment towards upholding the dignity of human beings, fostering unity amongst Muslims and projecting a positive image of Islam.

This view was however, met with some concern by SANZAF’s valued stakeholders. The organization therefore wishes to place on record that this is in no way a display of an intent on the part of SANZAF to promote, adhere to, or adopt the beliefs and practices of another faith or sect as it goes against the tenets of the organisation. SANZAF remain uncompromising to the principles of Ahlus-Sunna wa’l-Jama’ah.

SANZAF categorically assures its donors and stakeholders that it’s Zakah collection and distribution practices continues to follow the principles and teachings of Quran and Sunnah, as it has successfully done for the past four decades, in serving the needs of the poor and the needy.

SANZAF further gives its assurance that none of the funds collected are channelled towards the promotion or support of other beliefs or practices that do not fall under the Ahlus-Sunna wa’l-Jama’ah.

“We wish to express our sincere gratitude and appreciation to the community for trusting us with their Zakah and all forms of charitable giving. As the leading Zakah institution in South Africa, SANZAF has always acted in a responsible and trustworthy way in all our dealings with donors and beneficiaries alike and we believe that this matter gives us the opportunity to put our stakeholders’ minds at rest that we will continue to follow the principles on which this organisation was founded in 1974”, says Shauket Fakie, SANZAF National Chairperson.

The Chairperson furthermore extends a call to all Muslims in South Africa and around the world to spend the last days of Ramadan in peace and harmony and to ensure that, “we achieve the pleasure of the Almighty in this auspicious month”.

ISSUED BY: SANZAF COMMUNICATIONS - www.sanzaf.org.za

For more information, contact:
Shauket Fakie, National Chairperson – Shauket.Fakie@sanzaf.org.za

pdf FULL SANZAF STATEMENT FOR DOWNLOAD (76 KB)