The Zakat Foundation™ Saudi Arabia (ZFSA) has released its annual report for the year 2015, detailing its operations and achievements over the course of the year. The report provides a comprehensive overview of the foundation's activities and financials, highlighting the impact of its programs on the lives of people across the country.
Established in 2011, the Zakat Foundation™ Saudi Arabia is a non-profit organization dedicated to the collection and distribution of zakat, a form of Islamic charity, to the needy and less fortunate. The foundation operates across the country, providing a range of programs and services to help alleviate poverty, promote education, and support community development.
In its annual report, the foundation reported that it collected over SAR 228 million in zakat contributions in 2015, an increase of 13% compared to the previous year. These funds were used to support a wide range of programs and initiatives, benefiting thousands of people across the country.
One of the key areas of focus for the foundation is education, and in 2015, it provided financial assistance to over 16,000 students, helping them to access quality education and pursue their academic goals. The foundation also partnered with several educational institutions to launch new programs and initiatives aimed at improving access to education for underprivileged communities.
In addition to education, the foundation also provided financial assistance to over 80,000 families across the country, helping them to meet their basic needs and improve their living conditions. The foundation's emergency relief programs also provided assistance to victims of natural disasters and humanitarian crises, including refugees and displaced persons.
The foundation's community development programs were also a major focus in 2015, with several initiatives aimed at promoting social and economic development in underprivileged communities. The foundation launched several microfinance programs, providing financial assistance to small businesses and entrepreneurs in order to stimulate local economies and promote self-sufficiency.
Overall, the Zakat Foundation™ Saudi Arabia's annual report for 2015 reflects a successful year for the organization, with significant progress made in achieving its mission of alleviating poverty, promoting education, and supporting community development. With continued support from the public and its partners, the foundation is well-positioned to continue making a positive impact on the lives of people across the country in the years to come.