SANZAF releases 2020/2021 Audited Financial Statements
The South African National Zakah Fund (SANZAF) is pleased to announce its audited financial results for the year ended 31 March 2022/ 28 Shaban 1443.
SANZAF’s National Chairperson, Fayruz Mohamed, commented on what was a strong performing year as the organisation moved to a rebuilding phase in the aftermath of the Covid-19 pandemic.
“We are pleased to report that during the financial year 2021/2022, SANZAF performed strongly amidst the uncertainty of the lingering effects of the COVID-19 pandemic, allowing us to deliver on our mandate as the longest serving Zakah management organisation in the country. Grateful for a solid foundation built over many decades and the unwavering dedication of our team, we are able to move forward and make significant contributions to the lives we touch in our endeavours to uphold the 3rd pillar of Islam”, Mohamed said.
She also reflected on the organisation’s newly launched “BELIEVE” campaign and acknowledged the support of various stakeholders. “Significantly this past year, we presented a fitting proposition when we launched our BELIEVE campaign. Our many loyal contributors certainly brought to life the realisation that a strong belief can see us through the most difficult of times. We thank all those who journeyed with us this past year as we reaffirm the belief that Allah SWT makes all things possible”.
SANZAF thanks its contributors for trusting the organisation with their different forms of giving, thereby allowing them to instil hope and make an impact in the lives of those battling the daily effects of poverty.
Some of the Key Points and Highlights of Activities are summarised as follows:
- Food security and youth development remained two key focus areas for the organisation
- Over 4000 students benefitted from SANZAF’s Education, Empowerment and Development Programme which consists of bursaries, vocational training, early childhood development and mentorship initiatives at primary and secondary schools
- Over R30 million was invested in education and development
- Through large scale programmes in Ramadan, Winter and Qurbani, food relief of over R20 million reached many needy communities
- Assisting families with welfare relief continue to be a critical service that the organisation provide
- R36 million in welfare assistance was provided to over 30 000 beneficiaries
- R122 million Zakah disbursed through structured projects and programmes
- Close to R175 million distributed in total during the reporting period
View the latest SANZAF Annual Audited Financial Statement for 2021/2022