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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 32 page Understanding Zakah book will help you better understand the history and philosophy of Zakah. It has a calculation guide as well, thereby making is a more comprehensive read for first-time or frequent payers of Zakah.

pdf Understanding Zakah (740 KB)

Introduction

Zakáh is one of the five fundamental institutions of Islam. It is second only to prayer as an essential article of the faith. Zakáh forms an integral, compulsory and inseparable part of the Islamic way of life. The non-observance or neglect of Zakáh is tantamount to a negation of the faith itself. The early Meccan revelations emphasized the moral aspect of Zakáh and persuaded Muslims to offer it voluntarily. It was not until the second year of Hijrah that Zakáh was made obligatory on all Muslims.