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HandWiki. Bayt Al-mal. Encyclopedia. Available online: https://encyclopedia.pub/entry/31490 (accessed on 03 October 2026).
HandWiki. Bayt Al-mal. Encyclopedia. Available at: https://encyclopedia.pub/entry/31490. Accessed October 03, 2026.
HandWiki. "Bayt Al-mal" Encyclopedia, https://encyclopedia.pub/entry/31490 (accessed October 03, 2026).
HandWiki. (2022, October 27). Bayt Al-mal. In Encyclopedia. https://encyclopedia.pub/entry/31490
HandWiki. "Bayt Al-mal." Encyclopedia. Web. 27 October, 2022.
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Bayt al-mal (بيت المال) is an Arabic term that is translated as "House of money" or "House of Wealth." Historically, it was a financial institution responsible for the administration of taxes in Islamic states, particularly in the early Islamic Caliphate. It served as a royal treasury for the caliphs and sultans, managing personal finances and government expenditures. Further, it administered distributions of zakat revenues for public works. Modern Islamic economists deem the institutional framework appropriate for contemporary Islamic societies.
المال
personal finances
al-mal
References
- Crone, Patricia (2005), Medieval Islamic Political Thought, Edinburgh University Press, pp. 308–9, ISBN 0-7486-2194-6
- Shadi Hamid (August 2003), "An Islamic Alternative? Equality, Redistributive Justice, and the Welfare State in the Caliphate of Umar", Renaissance: Monthly Islamic Journal 13 (8) (see online ) http://www.renaissance.com.pk/Augvipo2y3.html
- Crone, Patricia (2005), Medieval Islamic Political Thought, Edinburgh University Press, p. 307, ISBN 0-7486-2194-6
- Crone, Patricia (2005), Medieval Islamic Political Thought, Edinburgh University Press, p. 308, ISBN 0-7486-2194-6
- Crone, Patricia (2005), Medieval Islamic Political Thought, Edinburgh University Press, p. 309, ISBN 0-7486-2194-6
- Crone, Patricia (2005), Medieval Islamic Political Thought, Edinburgh University Press, pp. 309–10 & 312, ISBN 0-7486-2194-6
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