Zakat Foundation™ Morocco is a nonprofit organization that has been working to fight poverty and support vulnerable communities in Morocco since 2008. The organization operates on the principles of zakat, an Islamic obligation to donate a portion of one's wealth to those in need. Each year, the foundation releases an annual report that outlines its achievements, challenges, and goals for the future. In this article, we will take a closer look at the Zakat Foundation™ Morocco Annual Report 2012.
The Annual Report 2012 begins with an introduction from the organization's president, who emphasizes the importance of zakat in Islam and its potential to alleviate poverty and support marginalized communities. The report then provides a summary of the foundation's activities in 2012, which include zakat collection, distribution, and various projects that were implemented to benefit the poor and vulnerable in Morocco.
One of the key highlights of the report is the foundation's zakat collection and distribution efforts. In 2012, the organization collected over 24 million Moroccan Dirhams (equivalent to approximately 2.5 million USD) in zakat donations. These funds were then distributed to over 200,000 beneficiaries across the country, including orphans, widows, and disabled individuals. The report includes detailed information on how these funds were allocated, with a focus on transparency and accountability.
Another important aspect of the Zakat Foundation™ Morocco's work is its various projects aimed at supporting marginalized communities. The report highlights a number of these initiatives, including the construction of mosques and water wells in rural areas, the distribution of food and clothing during Ramadan, and the provision of educational materials and support to children in need. The foundation also partnered with other organizations to implement projects that provided vocational training and job opportunities to young people, empowering them to break the cycle of poverty and build a better future for themselves and their families.
The Annual Report 2012 also provides a detailed financial report, which includes a breakdown of the foundation's income and expenses for the year. This section of the report is particularly important, as it demonstrates the organization's commitment to transparency and accountability. The report highlights the fact that the foundation operates on a very low overhead cost, with only 2.15% of its total expenses going towards administration and fundraising. This means that the vast majority of the zakat donations go directly to those in need.
In addition to showcasing its achievements in 2012, the report also acknowledges the challenges that the Zakat Foundation™ Morocco faced during the year. One of the main challenges was the political and economic instability that affected the country during that period. This made it difficult for the foundation to carry out its work, as it had to navigate a complex and unpredictable environment. Despite these challenges, however, the foundation was able to continue its work and make a meaningful impact in the lives of many Moroccans.
Overall, the Zakat Foundation™ Morocco Annual Report 2012 provides a comprehensive overview of the organization's work and achievements during that year. It demonstrates the foundation's commitment to transparency, accountability, and making a positive impact on the lives of those in need. By collecting and distributing zakat donations, implementing various projects, and partnering with other organizations, the Zakat Foundation™ Morocco is making a meaningful difference in the fight against poverty in Morocco.