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Daily Nisaab Prices

11 December 2019 / 03 Rabi-Ul-Akhir 1440
Nisáb = R5045.85
Silver = R8.24/g (248.56/oz)
Gold = R645.93/g (R17 440.39oz)
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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No other job on this Earth is more rewarding in the eyes of Allah than that of an Imam (leaders). He works 24 hours a day, 7 days a week at the behest of the community who comes knocking at his door during the early morning hours and late in the evenings. The Imam is the most underpaid profession in the Muslim Community, yet, like the rest of us, he must see to the household expenses whilst raising a family as well.

The South African National Zakah Fund (SANZAF) in partnership with The Muslim Judicial Council (MJC) is proud to announce the launch of the Ta’awun Imamat Programme (Imam Assistance Programme) that aims to ensure that imams earn a living wage aligned with their qualifications and experience whilst empowering the community.

Three Imams and their committees have been chosen to pilot this project and will be paid a salary from the Imam Assistance Fund account. This account is managed by SANZAF, who produce annual audited statements.

The Programme aims to:

  • Provide a living salary to Imams from areas in and around the Western Cape where the respected regional masjid committee does not have the resources to provide a monthly salary to the Imam.
  • A medical aid (Hospital Plan).
  • UIF
  • Providing financial stability for the Imam so he may focus completely on servicing his community in which he is employed and therefore providing an added benefit to that community.

Your contributions will go a long way in sustaining this long awaited initiative. Please help us #GiveHope by supporting the Imam Ta’awun Programme.

Contact 021 447 0297 for more information.

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