Zakat Foundation™ is a non-profit, non-governmental organization that operates in over 20 countries around the world, including Lebanon. The organization's main goal is to provide humanitarian aid to people in need, regardless of their race, religion, or nationality. Zakat Foundation™ Lebanon is one of the organization's branches, and it has been working to support communities in Lebanon since 2007.
In order to operate legally and transparently, Zakat Foundation™ Lebanon has several legal and financial documents that are available to the public. In this article, we will provide an overview of some of these documents and their significance.
Registration Certificate
The Registration Certificate is a legal document issued by the Lebanese government that confirms Zakat Foundation™ Lebanon's status as a non-profit organization. This document contains important information about the organization, such as its official name, date of registration, and legal address.
Having a Registration Certificate is crucial for Zakat Foundation™ Lebanon because it enables the organization to operate legally in Lebanon. Without this certificate, the organization would not be able to carry out its work, receive donations, or conduct financial transactions.
Articles of Association
The Articles of Association is a legal document that outlines the rules and regulations of Zakat Foundation™ Lebanon. This document specifies the organization's objectives, management structure, and decision-making procedures. It also outlines the rights and responsibilities of the organization's members and board of directors.
The Articles of Association is an important document because it provides clarity and transparency about how Zakat Foundation™ Lebanon operates. It ensures that the organization's management is accountable to its members and stakeholders, and that its decisions are made in a fair and transparent manner.
Audited Financial Statements
Audited Financial Statements are financial reports that have been reviewed and certified by an independent auditor. These statements provide a detailed overview of Zakat Foundation™ Lebanon's financial activities, including its income, expenses, assets, and liabilities.
Having audited financial statements is important for Zakat Foundation™ Lebanon because it demonstrates the organization's commitment to transparency and accountability. It provides assurance to donors and stakeholders that the organization's financial activities are being conducted in a responsible and ethical manner.
Annual Reports
Annual Reports are documents that provide an overview of Zakat Foundation™ Lebanon's activities and achievements over the past year. These reports typically include information about the organization's programs, beneficiaries, and financial performance. They may also include testimonials from beneficiaries and donors, as well as information about the organization's future plans.
Annual Reports are important for Zakat Foundation™ Lebanon because they provide an opportunity to showcase the organization's impact and success. They also serve as a communication tool for donors and stakeholders, helping them to understand the organization's mission and achievements.
Code of Conduct
The Code of Conduct is a document that outlines the ethical and professional standards that Zakat Foundation™ Lebanon expects from its staff, volunteers, and partners. This document specifies the organization's values, principles, and expectations, and provides guidelines for behavior and decision-making.
Having a Code of Conduct is important for Zakat Foundation™ Lebanon because it helps to ensure that the organization's work is conducted in a professional and ethical manner. It provides a framework for staff and volunteers to make decisions that align with the organization's values and objectives.
In conclusion, Zakat Foundation™ Lebanon has several legal and financial documents that are important for the organization's operations, transparency, and accountability. These documents include the Registration Certificate, Articles of Association, Audited Financial Statements, Annual Reports, and Code of Conduct. By making these documents available to the public, Zakat Foundation™ Lebanon demonstrates its commitment to transparency and accountability, and provides assurance to donors and stakeholders that their contributions are being used effectively and responsibly.
