AMP ZAKAT FUND REPORT 2018
Transforming Lives, Empowering Futures!
Over 581 deserving and underprivileged lives were touched by the AMP Zakat Fund in 2018!
The AMP Zakat Fund (AZF) was started with a core focus on Education and Self-Employment for underprivileged Muslims. Alhamdulillah, it has grown multi-fold from a humble collection of Rs. 2 lakhs in 2013 to Rs. 69,62,803 from 820 Donors in 2018.
Our Mission: To help *make the Zakat Seekers of today become the Zakat Givers of tomorrow*.
6 Years of Impact (2013 – 2018)
Zakat: A Bond of Social Equity & Collective Harmony
Zakat, with its innumerable aspects, is a bond between members of society, one wherein collective harmony is dependent on individual harmony. For Zakat clearly creates a virtuous setting that eliminates various social problems by establishing a harmonious atmosphere for both the rich and the poor. In a nutshell, Zakat foresees, reduces, or eliminates social conflicts, strengthens the growth of the middle class, and removes all of the greatest social diseases pertaining to financial issues, especially interest and money-hoarding.
A centrally organized Zakat Management System can play a big role in such a scenario, where the disparity of wealth between poor and affluent classes is at its peak. In the Indian context, where there is no government authority to collect and distribute Zakat, the responsibility of collecting and distributing it becomes the responsibility of accountable Muslim Organizations.
It gives us immense pleasure to announce that AMP has completed the distribution of its Zakat Fund collected for the year 2018 as follows:
AMP Zakat Fund Distribution Report – 2018
| Type of Assistance | No. of Beneficiaries | Amount (Rs.) |
|---|---|---|
| Higher Education Scholarship | 167 | 23,83,500 |
| Self Employment Support | 89 | 25,00,000 |
| Orphans Basic Education | 324 | 20,18,800 |
| Specific Donation | 1 | 40,000 |
| Total | 581 | 69,42,300 |
| Balance Carried Forward | — | 20,503 |
Note:
- The total amount includes collection till 31st March 2019.
- The balance amount every year gets carried forward to the subsequent year’s balance.
- Specific donations are designated by Donors for particular beneficiaries or activities.
Key Impact Areas
Higher Education Scholarships
Supported 167 financially needy students pursuing professional courses with degree scholarships of Rs. 10,000 – Rs. 50,000, distributed to meritorious students selected from 3,000 applications across India.
Orphans’ Basic Education
Provided financial support for the basic education of 324 needy orphan children through AMP’s vast network of schools, ensuring they are not deprived of basic schooling for lack of a guardian.
Self-Employment Assistance
Seed assistance of largely Rs. 25,000 each was provided to 89 young, talented but unemployed youth to start small businesses with the objective of promoting self-employment in rural areas.
Specific Donations Support
Direct targeted financial assistance of Rs. 40,000 disbursed to an individual deserving beneficiary based on designated donor allocations.
AMP Zakat Fund now aims to undergo transformation to the next level for a pan-India appeal and reaching out to more needy Muslims. This will ensure that the Fund will spread its reach to every city, town and village in India and will touch more lives in the years to come inshaAllah!
AMP Zakat Fund (AZF) Volunteer
The social empowerment of Indian Muslims cannot happen without progress in Education and Financial inclusion of the poor Muslim households. If you wish to register as an AMP Zakat Fund Volunteer and earn Jaza-e-Khair in this World and Aakhirah, then please click on the link below:
Transparency Note:
- Our Zakat Collection and Distribution are completely transparent. If you wish to find out the exact amounts collected and distributed, you can visit our website at www.ampindia.org.
- To know more you may even visit our office and check our records, we will be more than happy to provide you with all the information.
- Do write in with your Opinions and Suggestions on how we can improve our efforts and make this experience of Zakat Collection & Distribution better for all the concerned Stakeholders.
“Come and be the ‘Catalyst of Change’ in the life of needy Muslims. Give Zakat & Support ‘A Centralized Zakat System to Change Condition of Muslims’.”
Bank Account & Cheque Particulars
| Payment Mode | Particulars |
|---|---|
| Account Name | AMP ZAKAT |
| Account Number | 102601000913 |
| Bank Name | ICICI Bank |
| Branch | Khar (W), Mumbai |
| MICR Code | 400229095 |
| IFSC Code | ICIC0001026 |
| Cheque Mailing Address | Association of Muslim Professionals, 68/69 Umar Manzil, 5th Road, Khar (W), Mumbai - 400052 |
Regards,
Team AMP