Baitulmal means Treasury, Baitulmal according to Fiqh is the treasury of an Islamic state. Being public property, all citizens of an Islamic state have some beneficial right to the Baitulmal, however no one can claim to be the owner of it. Islamic finance institutions in Baitulmal form have existed informally since the time of the Prophet Muhammad and continue to exist. Rashidun Caliphate. However, Baitulmal did not fully exist at that time due to lower state income growth. At that time, the state's revenue came from two sources, which are zakat and properties obtained from war such as ghanimah, jizyah and fai. The collected income is immediately divided for the needy people such as poor, orphans and others. This factor made Baitulmal's role easy. Furthermore, the existence of Baitulmal institutions begins during the reign of Caliph Umar bin Al-Khattab. In that period, the success of the Islamic government in conquering many states and places, this helps the Islamic region to grow from this effect of this conquest, many possessions being collected and it takes time to divide them. Khalifah Umar accepts Khalid bin Al-Walid's idea of building the national treasury followed by Al-Quran and Sunnah including the ijtihad of sahabat. The first years of foundation, known by Diwa. Baitulmal institutions continued to grow during the reign of Bani Umayyah. Baitulmal Foundation is very important to help the development of Islamic economy. The most important thing is to help the needy such as poor and unfortunate people. Besides that, Baitulmal is the source to strengthen the army of Islam that can protect the state from the threat of the enemy. For example, during the reign of Khalifah Uthman, the source of Baitulmal was used to strengthen...... half of the document ......tion to the e-Bayanat and e-Wakaf system. this also helps you provide information to your client and work more systematically. This is one of the methods that Malaysia has adopted to grow the Muslim socio-economic context and to make Baitulmal institutions known as institutions that give Muslims the opportunity to have an adequate life. Baitulmal plays a major role in the development and growth of the economic system to make it better. Furthermore, the principal should provide some strategies to make Baitulmal practices a reality. Analyzing the sources of zakat and Baitulmal should be combined to get better income. The government also analyzed that the taxes paid do not violate the principle of sharia. More importantly, the government must ensure that Baitulmal is not just a small entity in the MAIN, but an institution that manages the expenditure and expenditure of the National Treasury..
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