saudi arabia annual report 2020 Zakat Foundation

Zakat Foundation saudi arabia annual report 2020
Zakat Foundation
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Zakat Foundation Annual repot
June 30, 2022
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Zakat Foundation™ Saudi Arabia Annual Report 2020: Impacting Lives through Zakat and Sadaqah

The Zakat Foundation™ Saudi Arabia is a non-profit organization that is dedicated to helping the less fortunate in the Kingdom of Saudi Arabia. The organization collects and distributes Zakat and Sadaqah from individuals and institutions to those in need. The foundation has released its annual report for the year 2020, highlighting its achievements and impact in the previous year.

The report shows that the Zakat Foundation™ Saudi Arabia collected more than 84 million Saudi riyals in Zakat and Sadaqah in 2020, an increase of 35% from the previous year. The funds were used to help more than 138,000 individuals and families across the Kingdom of Saudi Arabia.

The foundation’s programs focus on providing relief to the most vulnerable members of society, including orphans, widows, the elderly, and the disabled. In 2020, the foundation provided assistance to more than 27,000 orphans, including financial support, education, and healthcare. It also provided healthcare assistance to more than 31,000 individuals, including medical treatment, medication, and rehabilitation.

The Zakat Foundation™ Saudi Arabia also runs a number of programs to support education and vocational training. In 2020, it provided scholarships and educational assistance to more than 10,000 students, helping them to pursue their studies and achieve their goals. It also provided vocational training to more than 2,000 individuals, helping them to develop skills and improve their employability.

One of the foundation’s flagship programs is the ‘Feed the Fasting’ campaign, which provides food assistance to those in need during the holy month of Ramadan. In 2020, the campaign provided food assistance to more than 280,000 individuals across the Kingdom of Saudi Arabia.

The Zakat Foundation™ Saudi Arabia also works to provide emergency relief in times of crisis. In 2020, it provided assistance to more than 7,000 individuals affected by the floods that hit the city of Jeddah.

The Zakat Foundation™ Saudi Arabia is committed to transparency and accountability, and its annual report provides a detailed breakdown of its finances and activities. The report shows that the foundation operates efficiently, with 96% of its expenditures going directly to programs and services.

Overall, the Zakat Foundation™ Saudi Arabia’s annual report for 2020 shows that the foundation is making a significant impact in the lives of those in need. Its programs and services are helping to alleviate poverty, improve access to education and healthcare, and provide emergency relief when it is needed most. The foundation’s commitment to transparency and accountability ensures that donors can have confidence that their Zakat and Sadaqah are being used to make a real difference in the lives of those who need it most.

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Zakat Foundation saudi arabia annual report 2020 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 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*.

Introduction:

Zakat Foundation™ Saudi Arabia is a philanthropic organization that operates under the umbrella of the Ministry of Human Resources and Social Development in the Kingdom of Saudi Arabia. It is one of the leading charities in the country that provides various services and support to the needy and underprivileged individuals and communities. The foundation's vision is to be a model for sustainable development, social responsibility, and human dignity. In this article, we will discuss the annual report of Zakat Foundation™ Saudi Arabia for the year 2020.

Overview of the Annual Report:

The annual report of Zakat Foundation™ Saudi Arabia for the year 2020 highlights the foundation's activities and achievements during the year. It provides detailed information on the foundation's various programs, services, and initiatives, as well as the impact it has had on the community.

The report begins with an introduction to the foundation and its mission, vision, and values. It then goes on to provide an overview of the foundation's organizational structure, governance, and financial performance. The report also includes a message from the foundation's chairman, who emphasizes the foundation's commitment to serving the community and achieving its goals.

Programs and Services:

The annual report provides a detailed overview of the various programs and services offered by Zakat Foundation™ Saudi Arabia. These include:

Zakat Collection and Distribution: Zakat Foundation™ Saudi Arabia collects and distributes Zakat funds to those in need. The foundation's Zakat collection and distribution program is designed to ensure that Zakat funds are distributed to those who are most deserving.

Humanitarian Assistance: Zakat Foundation™ Saudi Arabia provides humanitarian assistance to people affected by natural disasters, conflicts, and other crises. The foundation's humanitarian assistance program includes emergency relief, shelter, and food aid.

Education: Zakat Foundation™ Saudi Arabia provides educational support to disadvantaged students. The foundation's education program includes scholarships, vocational training, and other forms of educational support.

Healthcare: Zakat Foundation™ Saudi Arabia provides healthcare services to underprivileged individuals and communities. The foundation's healthcare program includes medical camps, health education, and other healthcare initiatives.

Social Development: Zakat Foundation™ Saudi Arabia supports social development initiatives that promote sustainable development and human dignity. The foundation's social development program includes projects related to water and sanitation, poverty reduction, and community development.

Impact:

The annual report of Zakat Foundation™ Saudi Arabia for the year 2020 highlights the foundation's impact on the community. It provides detailed information on the number of people who benefited from the foundation's programs and services, as well as the outcomes achieved.

In 2020, Zakat Foundation™ Saudi Arabia distributed Zakat funds to over 350,000 beneficiaries. The foundation's humanitarian assistance program provided emergency relief to more than 100,000 people affected by natural disasters and conflicts. The education program provided scholarships and educational support to more than 2,500 students. The healthcare program provided medical care and health education to more than 50,000 people. The social development program implemented projects that benefited more than 150,000 people.

The report also includes case studies that illustrate the impact of the foundation's programs and services on the lives of individuals and communities. These case studies provide a powerful insight into the difference that Zakat Foundation™ Saudi Arabia is making in the community.

Financial Performance:

The annual report of Zakat Foundation™ Saudi Arabia for the year 2020 includes a comprehensive overview of the foundation's financial performance. The report provides detailed information on the foundation's income, expenditures, assets, and liabilities.

In 2020, the foundation's income was SAR 150 million, and its expenditures were SAR 140 million. The foundation's assets at the end of the year were SAR 330 million, and its liabilities were SAR 80