Zakat Foundation™ Saudi Arabia Annual Report 2012: A Glance at the Philanthropic Activities
The Zakat Foundation™ is a non-profit, non-governmental organization (NGO) dedicated to serving the underprivileged and marginalized communities in Saudi Arabia. The foundation has been established to promote the Islamic practice of Zakat, which is a mandatory charity given by Muslims who can afford it. Zakat Foundation™ Saudi Arabia has been actively involved in the social and humanitarian activities for more than a decade. In this article, we will take a look at the Zakat Foundation™ Saudi Arabia Annual Report 2012, which highlights the various philanthropic activities of the foundation during the year.
The Annual Report 2012 of Zakat Foundation™ Saudi Arabia is a comprehensive document that provides an overview of the foundation's activities in the previous year. The report showcases the foundation's commitment to improving the lives of the needy through its diverse programs and services. The report also highlights the foundation's dedication to transparency and accountability, which is crucial for building trust and credibility with its stakeholders.
The report begins with an introduction to the Zakat Foundation™ Saudi Arabia and its mission to serve the poor and needy. It provides an overview of the foundation's values, goals, and objectives, which include alleviating poverty, providing education and healthcare, and supporting humanitarian and social development initiatives. The report then presents the foundation's organizational structure and governance, which includes a board of directors, an executive management team, and various committees responsible for program implementation, financial management, and monitoring and evaluation.
The report then provides a detailed account of the foundation's activities and achievements during the year. The foundation's programs and services are categorized into three main areas: humanitarian and emergency assistance, social development, and education and training. The foundation's humanitarian and emergency assistance programs aim to provide relief and support to victims of natural disasters, conflicts, and other crises. In 2012, the foundation provided emergency aid to more than 50,000 individuals affected by floods, earthquakes, and other disasters in various parts of the world.
The foundation's social development programs focus on improving the economic and social conditions of the poor and marginalized communities in Saudi Arabia. These programs include income-generating projects, vocational training, microfinance, and healthcare services. In 2012, the foundation provided microfinance services to more than 5,000 entrepreneurs, and healthcare services to over 50,000 individuals in underserved areas.
The foundation's education and training programs aim to improve the educational opportunities and skills of underprivileged children and youth. These programs include scholarships, school construction, and teacher training. In 2012, the foundation provided scholarships to more than 10,000 students and constructed several schools in rural areas.
The report also provides a detailed account of the foundation's financial performance and accountability. The foundation's total income in 2012 was SAR 127 million, and its total expenditure was SAR 110 million. The foundation's finances were audited by an independent auditing firm, and the report includes a detailed financial statement and notes to the financial statement.
Overall, the Zakat Foundation™ Saudi Arabia Annual Report 2012 provides an insightful and comprehensive overview of the foundation's philanthropic activities during the year. The report showcases the foundation's commitment to serving the underprivileged and marginalized communities in Saudi Arabia and beyond, and its dedication to transparency and accountability. The report also highlights the foundation's achievements and impact, which is a testament to its effectiveness and relevance in addressing the social and humanitarian challenges facing the world today.