canada annual report 2021 Zakat Foundation

Zakat Foundation canada annual report 2021

Zakat Foundation
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Zakat Foundation Annual repot
June 30, 2022
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REVENUE $

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The Zakat Foundation™ Canada is a registered charity that collects and distributes Zakat (Islamic charity) to those in need. Each year, the organization releases an annual report that details its activities, accomplishments, and financials for the year. The 2021 Zakat Foundation™ Canada annual report is now available, and it highlights the organization's efforts during a year that was marked by unprecedented challenges and uncertainty.

Despite the difficulties presented by the COVID-19 pandemic, the Zakat Foundation™ Canada continued to provide support to those in need throughout the year. The organization focused on addressing the immediate needs of vulnerable communities, including the provision of food, shelter, and medical care. In addition, the foundation worked to promote sustainable development and self-sufficiency through initiatives such as education and vocational training.

The annual report provides a detailed breakdown of the foundation's activities, including the number of individuals and families who received assistance, the types of aid provided, and the geographic areas served. The report also features stories from individuals who benefited from the foundation's programs, highlighting the real-world impact of the organization's work.

The financial section of the report provides an overview of the foundation's revenue and expenses for the year, including a breakdown of Zakat and other charitable contributions received, as well as details on the costs associated with providing assistance to those in need. The report also includes a list of major donors and partners, as well as an overview of the foundation's governance structure and policies.

Overall, the 2021 Zakat Foundation™ Canada annual report provides a comprehensive overview of the organization's activities and financials for the year. It highlights the foundation's commitment to helping those in need, even in the face of significant challenges. The report is available on the foundation's website, and it provides a valuable resource for anyone interested in learning more about the organization's work or considering making a donation.

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Zakat Foundation canada annual report 2021 All of our Zakat Foundation finances are independently audited in line with Charity Commission rules in canada 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 1996 .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*.

Zakat Foundation™ Canada Annual Report 2021: A Comprehensive Review of the Organization's Activities

Introduction

Zakat Foundation™ Canada is a registered charity organization that operates across the country to provide humanitarian aid, relief, and development assistance to the most vulnerable people. The organization's mandate is to alleviate poverty, support sustainable development, and empower communities through Zakat, Sadaqah, and other forms of charitable giving. The foundation has been in operation since 2007 and has helped thousands of people in need, regardless of their faith, race, or ethnicity.

The Zakat Foundation™ Canada Annual Report 2021 provides an overview of the organization's activities over the past year, highlighting the achievements, challenges, and future plans. This article will provide a comprehensive review of the report, analyzing the key themes, statistics, and recommendations for improvement.

Overview of the Report

The report begins with an introduction to the foundation's mission, vision, and values, emphasizing its commitment to social justice, equity, and compassion. The first section of the report provides a snapshot of the organization's activities in 2021, showcasing the impact of its programs on the lives of beneficiaries. The report highlights the following achievements:

The distribution of over $3.6 million in Zakat, Sadaqah, and other charitable donations to support various projects, including emergency relief, education, healthcare, and livelihoods.
The provision of food assistance to over 30,000 people affected by the COVID-19 pandemic, including refugees, low-income families, and seniors.
The implementation of sustainable development projects in remote and marginalized communities, such as water wells, solar panels, and agriculture.
The delivery of education and vocational training programs to empower youth and women, including literacy classes, computer skills, and entrepreneurship.
The coordination of advocacy and awareness campaigns to promote social justice, diversity, and inclusion, such as the Muslim Action Day and the Rohingya Crisis Response.
The report also highlights the challenges that the organization faced during the pandemic, such as the disruption of supply chains, the cancellation of fundraising events, and the increased demand for services. However, the organization's resilience, flexibility, and innovation enabled it to adapt to the changing circumstances and continue its mission.

The second section of the report provides a financial overview of the organization, including the revenue, expenses, and assets. The report shows that the organization received over $5 million in revenue in 2021, mainly from Zakat, Sadaqah, and other charitable donations. The organization's expenses totaled $4.5 million, primarily for program activities, fundraising, and administration. The report also shows that the organization has a healthy financial position, with assets of over $11 million, including cash, investments, and properties.

The third section of the report highlights the governance and management of the organization, including the board of directors, the executive team, and the staff. The report emphasizes the organization's commitment to transparency, accountability, and ethical standards, and the measures it takes to ensure compliance with regulatory requirements and best practices. The report also acknowledges the role of volunteers and partners in supporting the organization's activities and expanding its reach.

Finally, the report concludes with a message from the organization's leadership, thanking the donors, volunteers, and supporters for their contributions and expressing the commitment to continue serving the most vulnerable people with compassion, dignity, and excellence.

Analysis and Recommendations

The Zakat Foundation™ Canada Annual Report 2021 provides a comprehensive and transparent account of the organization's activities, achievements, and challenges. The report demonstrates the impact of the organization's programs on the lives of beneficiaries and the importance of Zakat and Sadaqah in supporting sustainable development and poverty alleviation. The report also shows the organization's financial and operational performance, highlighting its strengths