As a charity organization, the Zakat Foundation™ Brazil has always believed in the importance of transparency and accountability. This is why every year, we release an annual report that details our activities and financial transactions. In this article, we will take a closer look at the Zakat Foundation™ Brazil's annual report for the year 1997.
The Zakat Foundation™ Brazil was established in 1994 with the aim of providing assistance to those in need in Brazil. The organization operates on the principle of zakat, which is the obligation for Muslims to give a portion of their wealth to those in need. The foundation also accepts donations from non-Muslims who wish to support its mission.
The 1997 annual report of the Zakat Foundation™ Brazil begins with an introduction from the president, Mohamed Abu-Nimer. In his message, he expresses his gratitude to the donors and volunteers who have supported the organization throughout the year. He also highlights some of the major accomplishments of the foundation in 1997, including the establishment of a new community center and the expansion of the microcredit program.
The report goes on to provide an overview of the foundation's activities in 1997. One of the major programs highlighted in the report is the Zakat Fund, which is the main source of funding for the organization's activities. The report provides details on the amount of zakat collected and distributed during the year, as well as the number of people who benefited from the program.
Another program highlighted in the report is the Microcredit Program, which provides small loans to entrepreneurs who are unable to access traditional banking services. The report provides details on the number of loans disbursed and the amount of money lent during the year. It also includes stories of some of the entrepreneurs who benefited from the program.
The report also provides information on the foundation's educational programs, which include scholarships for underprivileged students and support for schools in poor communities. The report highlights the number of students who received scholarships and the number of schools that received support.
The report also includes financial information, including the foundation's income and expenses for the year. It provides a breakdown of the sources of income and the areas where the money was spent. The report also includes a balance sheet and an income statement.
In addition to providing information on the foundation's activities and finances, the report also includes messages from some of the donors and supporters of the organization. These messages express their appreciation for the work of the Zakat Foundation™ Brazil and encourage others to support the organization's mission.
Overall, the 1997 annual report of the Zakat Foundation™ Brazil provides a comprehensive overview of the organization's activities and finances for the year. It demonstrates the organization's commitment to transparency and accountability and provides evidence of the impact of its programs on the lives of people in need in Brazil. The report is a testament to the hard work of the foundation's staff, volunteers, and donors, and serves as an inspiration to others who wish to make a positive difference in the world.