How do you wrte a note on bait-ul-mal?

Answer 1

Islam believes in the just and equitable distribution of national wealth.To remove poverty from the society,the Holy Prophet (S.A.W) introduced the system of Zakat, so that the poor and the needy might have a share in the national wealth.Every one paid the fortieth part of his assets into the "Bait-ul-mal" (the treasury).This wealth was spent on the propagation of islam, on administration,and on looking after the poor and the needy.