Takaful Al Sham Organization places the utmost importance on adhering to international humanitarian standards and professional auditing and oversight standards. This commitment stems from its mission to provide high-quality humanitarian and development services that are responsive to the needs of beneficiaries while respecting their dignity and rights. Such dedication reflects the organization’s keenness to uphold the principles of transparency, accountability, and neutrality, in line with the core values of humanitarian work.
The organization also relies on internationally recognized standards in auditing and governance to ensure financial and administrative efficiency, procedural integrity, and the protection of resources from waste or misuse. Internal and external auditing mechanisms are considered an essential part of the oversight system and contribute to strengthening the trust of partners, donors, and beneficiary communities.
The organization is committed to enhancing its internal and financial systems through:
Adopting written financial and administrative policies that are regularly reviewed and updated.
Establishing an independent internal audit unit that evaluates compliance with policies and procedures.
Conducting an annual external audit by independent and accredited bodies.
Complying with international standards such as the International Financial Reporting Standards (IFRS).
Announcement of Financial Audit Results for Takaful Al Sham Organization
Takaful Al Sham Organization has completed the financial audit of its financial statements for the years 2016 through 2023. The financial audit for the year 2024 is currently in progress.
Value of Financial Transactions During the Period From 2016 to 2023
| Year | Value of Cash Transactions -USD | Value of In-Kind Transactions – USD |
| 2016 | 311,724 | 64,162 |
| 2017 | 1,147,463 | 6,515,831 |
| 2018 | 2,884,264 | 12,670,192 |
| 2019 | 6,046,655 | 35,061,959 |
| 2020 | 11,708,556 | 22,264,147 |
| 2021 | 12,211,797 | 28,384,155 |
| 2022 | 17,994,659 | 7,882,020 |
| 2023 | 21,594,032 | 2,312,680 |
The financial audits for the previous years were conducted by two of the top 15 global auditing and accounting firms, according to the 2024 international ranking of financial firms: Mazars and PKF.
The audits were carried out as follows:
Mazars: from 2016 to 2020
PKF: from 2021 to 2023
PKF: 2024 (audit currently in progress)
Click here to view the Auditors’ Report on the Audit for the Years 2016 to 2019
Click here to view the Auditors’ Report for the Year 2020
Click here to view the Auditors’ Report for the Year 2021
