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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) 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)