BAIT UL MAL PNW

History of Bait ul Mal

 

Bait ul Mal (House of Wealth)

 

Prophet Muhammad, (pbuh), established the common brotherhood of Muslims soon after the Hijrah (migration) to Medina from Mecca. Each resident of Medina became a helper (ansar) to each individual who migrated with Prophet Muhammad (pbuh). The rich muslim took charge of the poor one and soon the economic disparity was removed with the interdependency.

 

Prophet Muhammad (pbuh) started the Bait ul Mal (a central financial treasury) after the battle of Badr and the first Mosque, Masjid-e-Nabi (Mosque of Prophet Muhammad), served as the center of collection and distribution for zakat (charitable tax) and sadaqa (additional contributions).

 

During the time of Khalif Umar, the Bait ul Mal became larger and it played the role of the Public Exchequer for the entire Islamic State. Umar then invented the new system of salary, welfare etc. For example, the poor or unemployed could get an amount of money from the Bait ul Mal. Even the women who were either pregnant or nursing babies, and had no one else to take care of them, received a monthly stipend from the Bait ul Mal.

 

Wallahu álam (Allah Knows best) 

Imam Mohammad Joban

 

MORE INFORMATION: 

 

The Economic System of Islam