The Effects of Managerial Developments on the Islamic Financial State : A Comparative Historical Study | ||
| Al-Ma'mon College Journal | ||
| Article 1, Volume 0, Issue 20, May 2018, Pages 69-89 | ||
| Author | ||
| Wafaa Adnan Hameed | ||
| Abstract | ||
| Bait Al-Mal is the most important financial institution of the Islamic State. It is an Islamic term used to refer to the place where the financial affairs of the state were controlled and organized . It was established at an early stage of the emergence of the Islamic State. The chief aim of establishing such an important place was to safeguard the money that the Islamic State received to be distributed to the Muslims who deserved it. The head quarlers of Bait Al-Mal was in the capital of the Islamic State and it had branches in all regions of the Islamic State . The main duty of these branches was to collect money and distribute it to those who deserve it and after having covered all the expenses , the branches keep the extra money at the local branch waiting to be sent to the main Bait Al-Mal in the capital of the Islamic State. | ||
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