Zakat Foundation™ Bangladesh Annual Report 2020: Empowering Communities Through Zakat and Sadaqah
Zakat Foundation™ Bangladesh (ZFB) is a leading charitable organization that aims to alleviate poverty, provide humanitarian assistance, and empower communities through the principles of Zakat and Sadaqah in Bangladesh. Established in 1993, ZFB has been diligently working towards its mission of creating sustainable and positive change in the lives of the underprivileged and marginalized communities across the country.
The Annual Report of Zakat Foundation™ Bangladesh for the year 2020 provides a comprehensive overview of the organization's achievements, initiatives, and impact during the year. It showcases the various programs and projects undertaken by ZFB, the funds raised and disbursed, and the outcomes achieved in addressing the socio-economic challenges faced by vulnerable communities in Bangladesh.
One of the key highlights of the Annual Report is the significant impact made by ZFB in 2020, despite the unprecedented challenges posed by the global COVID-19 pandemic. ZFB demonstrated remarkable agility and responsiveness in its operations to adapt to the changing needs of the communities it serves, ensuring that its programs continued to reach those in need.
Zakat and Sadaqah are foundational principles of Islamic faith, and ZFB follows a strict process of collecting, managing, and distributing these funds in a transparent, accountable, and efficient manner. In 2020, ZFB received a total of BDT 614.39 million in Zakat and Sadaqah donations, an increase of 22% compared to the previous year. This reflects the growing trust and confidence of donors in ZFB's commitment to serving the most vulnerable.
One of the core areas of focus for ZFB is poverty alleviation. The Annual Report highlights the various poverty alleviation programs undertaken by ZFB, including livelihood support, microcredit, vocational training, and entrepreneurship development. In 2020, ZFB disbursed BDT 279.85 million to support 54,624 families through its livelihood and poverty alleviation programs, enabling them to earn a sustainable livelihood and break the cycle of poverty.
Education is another key area of intervention for ZFB, as it believes that education is a powerful tool for empowerment and social upliftment. The Annual Report showcases ZFB's efforts in providing access to quality education for underprivileged children and youth through its education programs, including scholarships, school support, and skill development. In 2020, ZFB disbursed BDT 133.25 million to support 26,032 students, providing them with the opportunity to access formal education and acquire skills for a better future.
Healthcare is also a critical component of ZFB's programs, and the Annual Report highlights ZFB's initiatives in providing healthcare services to vulnerable communities. ZFB's healthcare programs include medical camps, health awareness campaigns, and emergency medical support. In 2020, ZFB provided healthcare services to over 100,000 people through its various programs, including COVID-19 response initiatives, ensuring that vulnerable communities had access to basic healthcare services during the pandemic.
ZFB's humanitarian assistance programs are aimed at providing immediate relief and support to communities affected by natural disasters, emergencies, and conflicts. The Annual Report showcases ZFB's timely response to the Rohingya crisis, where it provided emergency relief, healthcare services, and other support to Rohingya refugees in Cox's Bazar. ZFB also extended its support to communities affected by floods and cyclones in different parts of Bangladesh, providing emergency relief, shelter, and other essential supplies to those in need.
ZFB's commitment to transparency and accountability is evident in its financial management and reporting.
