Bayt al-Mal
بيت المال
bayt al-māl
☪️Islamic Terms
Treasury; institution managing community finances and welfare.
Full Definition
Bayt al-Mal (House of Wealth) refers to the treasury or financial institution in Islamic governance. Historically, it managed state revenues and expenditures, including zakat and other charitable funds. In Ismaili communities, institutions analogous to bayt al-mal manage community finances, supporting religious education, social welfare, and development projects.