Nigeria annual report 2020 Zakat Foundation

Zakat Foundation Nigeria annual report 2020
Zakat Foundation
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Zakat Foundation Annual repot
June 30, 2022
    Delivery time:5-7 Days
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EXPENSES $

REVENUE $

NET ASSETS $

Zakat Foundation™ Nigeria is a non-profit organization that aims to alleviate poverty and provide humanitarian aid to those in need in Nigeria. The organization collects Zakat, a mandatory charity in Islam, and distributes it to eligible recipients in accordance with Islamic principles.

The Zakat Foundation™ Nigeria recently released its annual report for the year 2020, which outlines its activities and achievements over the past year. Despite the challenges posed by the COVID-19 pandemic, the organization continued to provide critical assistance to vulnerable communities across Nigeria.

One of the key highlights of the report was the distribution of Zakat to over 12,000 individuals and families in need. This included providing food, shelter, healthcare, and education support to those who were most affected by the pandemic and other crises.

The organization also implemented several programs aimed at empowering vulnerable communities and promoting sustainable development. These programs included vocational training for women and youth, microfinance initiatives, and support for small-scale farmers.

In addition, the Zakat Foundation™ Nigeria played an active role in responding to emergencies and disasters, providing relief assistance to victims of floods, communal clashes, and other crises.

The annual report also highlighted the organization's commitment to transparency and accountability. The Zakat Foundation™ Nigeria operates with strict governance and financial management practices, and the report provided a detailed breakdown of its income and expenditure for the year.

Overall, the Zakat Foundation™ Nigeria's annual report for 2020 demonstrates the organization's unwavering dedication to its mission of serving those in need and improving the lives of vulnerable communities in Nigeria. Despite the many challenges faced, the organization was able to make a significant impact and provide critical assistance to thousands of individuals and families in need.

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Zakat Foundation Nigeria annual report 2020 All of our Zakat Foundation finances are independently audited in line with Charity Commission rules in Nigeria 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™ Nigeria is a charitable organization that focuses on providing humanitarian aid and support to individuals and communities in need. Their mission is to alleviate the suffering of those who are less privileged, to empower them to be self-sufficient and to improve their quality of life. In this article, we will be reviewing the Zakat Foundation™ Nigeria Annual Report for 2020.

Overview of Zakat Foundation™ Nigeria Annual Report 2020

The Annual Report provides an overview of the organization's activities, achievements, challenges, and financial performance during the year. The report highlights the key programs and initiatives undertaken by Zakat Foundation™ Nigeria to address the humanitarian needs of vulnerable individuals and communities in Nigeria.

Key Programs and Activities

In 2020, Zakat Foundation™ Nigeria implemented a range of programs and activities across various sectors, including education, health, water, and sanitation, economic empowerment, and emergency relief. These programs were aimed at addressing the needs of vulnerable individuals and communities affected by poverty, conflict, and natural disasters.

Education

Zakat Foundation™ Nigeria provided educational support to over 3,000 students across Nigeria in 2020. The organization distributed school supplies, paid tuition fees, and provided educational infrastructure to schools in rural and underserved communities. Zakat Foundation™ Nigeria also supported the construction of new classrooms, libraries, and computer labs in schools to enhance the learning experience of students.

Health

In response to the COVID-19 pandemic, Zakat Foundation™ Nigeria provided emergency medical supplies and equipment to hospitals and health centers across Nigeria. The organization also conducted awareness campaigns to educate communities on the importance of hygiene and sanitation in preventing the spread of the virus. Zakat Foundation™ Nigeria also provided medical support to vulnerable individuals, including the elderly and people living with disabilities.

Water and Sanitation

Zakat Foundation™ Nigeria implemented a range of water and sanitation projects in 2020 to provide access to clean water and improve sanitation in communities across Nigeria. The organization constructed boreholes, installed water tanks, and provided water treatment facilities to communities affected by water scarcity. Zakat Foundation™ Nigeria also provided hygiene and sanitation education to communities to improve their health and wellbeing.

Economic Empowerment

Zakat Foundation™ Nigeria provided economic empowerment support to over 1,500 individuals and small business owners in 2020. The organization provided training on financial management, business planning, and market access to enable individuals to start and grow their businesses. Zakat Foundation™ Nigeria also provided microfinance loans to small business owners to enable them to expand their businesses and create employment opportunities in their communities.

Emergency Relief

In response to the humanitarian crisis in Northeast Nigeria, Zakat Foundation™ Nigeria provided emergency relief to internally displaced persons (IDPs) in camps and host communities. The organization distributed food, shelter, and non-food items to over 20,000 IDPs in Borno, Adamawa, and Yobe States. Zakat Foundation™ Nigeria also provided healthcare services and psychosocial support to IDPs affected by the conflict.

Financial Performance

Zakat Foundation™ Nigeria's financial performance in 2020 was strong, despite the challenges posed by the COVID-19 pandemic. The organization received donations from individuals and corporate organizations, which were used to fund its programs and initiatives. Zakat Foundation™ Nigeria's total income for the year was N2.4 billion, while its total expenses were N1.8 billion. The organization's financial statements were audited by an external auditor, and no material misstatements were identified.

Conclusion

The Zakat Foundation™ Nigeria Annual Report for 2020 highlights the organization's commitment to providing humanitarian aid and support to vulnerable individuals and communities in Nigeria. Despite the challenges posed by the COVID-19 pandemic, Zakat Foundation™ Nigeria was able to implement a range