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What is the current minimum Nisaab of Zakhaat in Rand terms in South Africa ?

Answered as per Hanafi Fiqh by Askimam.org

How much of Zakhaat must I pay If I am only a salary earner. And have cash of R19000, car -R25000, loan(car)-R20000, jewellery-R1000 and household items -R5500?

Answer

Whenever a person’s wealth reaches the minimum Nisaab of Zakaat, the date of
calculating end year (when Zakaat is due) will commence from that date. If
his wealth increases during the course of the year, he will have to pay
Zakaat.

In view of the details of your question, you do not have to pay Zakaat.

and Allah Ta’ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

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This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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