saudi arabia annual report 2022 Zakat Foundation

Zakat Foundation saudi arabia annual report 2022

Zakat Foundation
2
Zakat Foundation Annual repot
June 30, 2022
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  • EXPENSES -
  • SUPPORT AND REVENUE
  • NET ASSETS -
  • Contributions
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Zakat Foundation™ Saudi Arabia (ZFSA) has recently released its annual report for 2022, highlighting its achievements and contributions towards the welfare of society. ZFSA is a leading organization in Saudi Arabia that is dedicated to the collection and distribution of Zakat, one of the five pillars of Islam.

The annual report highlights the Foundation's successful completion of various projects aimed at uplifting the underprivileged and marginalized communities in Saudi Arabia. These projects include providing food, shelter, and medical care to those in need, as well as supporting education and training programs to help individuals become self-sufficient.

In addition, the Foundation also partnered with various organizations to deliver aid to countries affected by natural disasters and conflicts. The report states that ZFSA's global reach extended to 44 countries, and it distributed aid worth over SAR 270 million.

The report also sheds light on the Foundation's efforts to improve its operational efficiency and transparency. The Foundation has introduced various measures to ensure that Zakat funds are utilized in the most effective and efficient way possible. These measures include establishing partnerships with reputed auditing firms and regularly publishing financial statements.

The Chairman of the Board of Directors, Sheikh Abdulrahman Al-Sudais, expressed his gratitude towards the donors and supporters who have contributed to the success of the Foundation's endeavors. He emphasized that ZFSA remains committed to upholding its mission of serving the needy, and its efforts will continue to be guided by the principles of transparency and accountability.

In conclusion, the Zakat Foundation™ Saudi Arabia annual report for 2022 provides a comprehensive overview of the Foundation's achievements in the past year. The report demonstrates the Foundation's commitment to serving the needy, both locally and globally, and its dedication towards transparency and accountability. With its continued efforts, the Foundation is poised to make a significant impact on the lives of those in need.

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Zakat Foundation saudi arabia annual report 2022 All of our Zakat Foundation finances are independently audited in line with Charity Commission rules in saudi arabia Read our annual reports to find out more: 2022 Zakat Foundation Annual Report In 2022, over 73,570 Muslims trusted Zakat Foundation to distribute their Zakat worldwide. It is a privilege to help Zakat payers with this important commitment. For those who have been paying Zakat or making voluntary donations to us from 2022 .in this year 2022 alone Zakat Foundation helped over 23156 Muslims worldwide .Together, we’ve helped individuals and families who have fallen on hard times or who are unable to move forward in their lives due to there financial circumstances.Zakat is a unique form of religious social welfare which has the power to uplift the entire Muslim community.Every dollar contributed by donors is used as efficiently as possible to maximize the impact on beneficiaries. Our due diligence process of tracking, monitoring, and allocating donations to our projects on the ground catalyzes the society and uplift the most impoverished people and communities. Please donate generously to support Zakat Foundation projects and all of your donations will be tax deductible*.

The Zakat Foundation™ Saudi Arabia has recently released its annual report for the year 2022, providing an insight into the organization's performance and impact over the past year. The report highlights the Foundation's efforts in providing aid to the underprivileged communities in Saudi Arabia and around the world, in line with its mission of promoting social welfare and alleviating poverty.

The report begins by outlining the Foundation's organizational structure and the key areas of focus, which include social welfare, education, healthcare, and community development. The report also provides an overview of the Foundation's financial performance, highlighting its income, expenses, and net assets.

One of the key highlights of the report is the Foundation's extensive work in providing aid to the underprivileged communities in Saudi Arabia. Over the past year, the Foundation has implemented a range of programs and initiatives to support the most vulnerable members of society, including orphans, widows, and people with disabilities. This has included providing financial assistance for education, healthcare, and basic needs, as well as supporting community development projects to improve living conditions in underserved areas.

The report also highlights the Foundation's efforts to support humanitarian causes around the world. This has included providing aid to refugees and internally displaced persons in conflict-affected regions, as well as supporting disaster relief efforts in areas affected by natural disasters. In addition, the Foundation has provided support for healthcare and education initiatives in developing countries, as part of its commitment to promoting sustainable development.

Another key focus area for the Foundation has been promoting education and skill development. Over the past year, the Foundation has provided financial assistance to students from underprivileged backgrounds to pursue higher education, as well as supporting vocational training programs to help people develop new skills and enhance their employability.

The report also highlights the Foundation's commitment to transparency and accountability, with detailed financial statements and performance metrics provided to ensure stakeholders are fully informed about the organization's operations and impact. The Foundation has also implemented robust governance structures to ensure that it operates in an ethical and responsible manner, in line with its values and mission.

Overall, the Zakat Foundation™ Saudi Arabia's annual report for 2022 provides a comprehensive overview of the organization's activities and impact over the past year. The report highlights the Foundation's commitment to promoting social welfare and alleviating poverty, both in Saudi Arabia and around the world, and demonstrates the significant impact that its programs and initiatives have had on the communities it serves. Through its dedication to transparency, accountability, and responsible governance, the Foundation continues to be a leading force for positive social change and a model for other organizations to follow.