Bangladesh annual report 2011 Zakat Foundation

Zakat Foundation Bangladesh annual report 2011
Zakat Foundation
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Zakat Foundation Annual repot
June 30, 2022
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Zakat Foundation™ Bangladesh, a non-profit organization committed to serving the underprivileged, recently released its Annual Report for the year 2011. The report highlights the various activities undertaken by the organization to alleviate poverty and promote sustainable development in Bangladesh.

The report begins with an introduction to Zakat Foundation™ Bangladesh and its mission to serve the less fortunate members of society. It goes on to detail the various programs and initiatives undertaken by the organization in 2011, including relief efforts for natural disasters such as floods and cyclones, health and education programs, and income-generation projects for marginalized communities.

One of the key highlights of the report is the organization's relief efforts in response to the devastating floods that hit Bangladesh in 2011. Zakat Foundation™ Bangladesh provided emergency relief and medical assistance to over 30,000 families affected by the floods, distributing food, water, and other essentials to those in need.

The report also highlights the organization's focus on education, with initiatives aimed at improving access to education for underprivileged children and promoting adult literacy. In 2011, Zakat Foundation™ Bangladesh provided educational support to over 10,000 children through school enrolment campaigns and the distribution of education materials.

Another notable initiative highlighted in the report is the organization's microfinance program, which provided financial assistance to small businesses and entrepreneurs, helping to generate income and promote sustainable development in communities across Bangladesh.

Overall, the Zakat Foundation™ Bangladesh Annual Report for 2011 demonstrates the organization's commitment to serving the less fortunate members of society and promoting sustainable development in Bangladesh. Through its various programs and initiatives, the organization has made a significant impact on the lives of thousands of individuals and families, providing much-needed relief and support in times of crisis and promoting long-term solutions for poverty alleviation.

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Zakat Foundation Bangladesh annual report 2011 All of our Zakat Foundation finances are independently audited in line with Charity Commission rules in Bangladesh 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*.

The Zakat Foundation™ Bangladesh is a non-profit organization that is dedicated to providing assistance and support to those in need throughout Bangladesh. One of the key ways that the organization communicates its impact is through its annual reports, which detail its activities, achievements, and financial performance over the course of the previous year. In this article, we will examine the Zakat Foundation™ Bangladesh Annual Report for 2011, which provides valuable insights into the organization's operations during that time.

Overview of the Zakat Foundation™ Bangladesh

The Zakat Foundation™ Bangladesh was established in 1993 with the mission of promoting the social welfare and economic development of the country's most vulnerable populations. The organization's activities are guided by the principles of zakat, which is an Islamic practice of giving a portion of one's wealth to those in need. The foundation operates in accordance with the principles of transparency, accountability, and professionalism, and is committed to ensuring that its programs and initiatives have a positive impact on the lives of those it serves.

Key Highlights of the 2011 Annual Report

The Zakat Foundation™ Bangladesh Annual Report for 2011 provides a comprehensive overview of the organization's activities during that year. The report is divided into several sections, each of which highlights a different aspect of the foundation's work. Some of the key highlights from the report include:

Education: In 2011, the Zakat Foundation™ Bangladesh provided educational assistance to over 5,000 students across the country. This included scholarships, tuition fees, and other forms of financial support to help ensure that children from disadvantaged backgrounds had access to quality education.

Healthcare: The foundation also provided healthcare assistance to over 10,000 people in 2011. This included free medical check-ups, treatments, and medicines for those who could not afford them.

Emergency Relief: The Zakat Foundation™ Bangladesh is often called upon to provide emergency relief in the wake of natural disasters and other crises. In 2011, the foundation responded to the devastating floods that affected large parts of the country by providing emergency relief supplies to over 50,000 people.

Livelihood Development: The foundation is also committed to helping people build sustainable livelihoods that can provide them with long-term economic stability. In 2011, the foundation provided training and other support to over 1,000 people to help them start their own businesses or find employment.

Financial Performance

In addition to detailing its activities, the Zakat Foundation™ Bangladesh Annual Report for 2011 also provides an overview of the organization's financial performance during the year. According to the report, the foundation received a total of BDT 172.5 million in donations and grants during 2011. Of this amount, BDT 125 million was spent on program activities, with the remainder going towards administrative and other expenses.

The foundation's financial statements for the year show that it operated with a surplus of BDT 11.7 million, which was largely due to the fact that some programs were implemented at lower costs than anticipated. The report also notes that the foundation's financial management practices are regularly audited by an independent auditor to ensure transparency and accountability.

Conclusion

The Zakat Foundation™ Bangladesh Annual Report for 2011 provides a detailed and comprehensive overview of the organization's activities and achievements during that year. The report highlights the foundation's commitment to providing assistance and support to those in need, and its efforts to promote social welfare and economic development in Bangladesh. The financial performance section of the report also demonstrates the foundation's commitment to transparency and accountability, and its responsible management of donor funds. Overall, the Zakat Foundation™ Bangladesh Annual Report for 2011 provides a valuable insight into the organization's work and impact, and serves as a testament to its dedication to serving the people of Bangladesh