Baitulmal definition

Baitulmal means the treasury of a State Islamic Religious Council;
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Baitulmal means the fund established under section 71;
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Baitulmal is an Arabic word. It means the Central bank of an Islamic state. The source of income comes from ‘zakat’ (A form of Islamic tax collected from Muslim).
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Examples of Baitulmal in a sentence

  • The Fund will compute the interest amount received and the interest will be channelled to Baitulmal or any other charitable bodies as advised by the Shariah Adviser as part of the Fund’s cleansing process.

  • The impure income has to be channelled to Baitulmal or any charitable organisations as advised by the Shariah Adviser.

  • In the event of the investment resulted in gain (through capital gain and/or dividend), the gain is to be channeled to Baitulmal or any other charitable bodies as advised by the Shariah advisers.

  • Baitulmal will provide the necessary amount needed to develop it i.e. the $35 million through the investors and Warees provide a nominal amount and their expertise.

  • However the only setback is that the Waqf needs to sacrifice part of the land it uses to Baitulmal for 99 years.

  • Since it is fully sold, the bridging finance from Baitulmal fund is used only for a short period.

  • Any gain on the disposal will be channeled to Baitulmal or any other charitable bodies as advised by the Shariah Adviser.

  • In the event that the investment resulted in gain (through capital gain and/or dividend), the gain is to be channeled to Baitulmal or any other charitable bodies as advised by the Shariah Adviser.

  • Cleanup prior to clearance-HEPA vacuum, wet wash, HEPA vacuum all surfaces.

  • The investors through Baitulmal will earn a steady stream of income based on the agreed rental income received in this case it was contracted at 3.03% The Waqf will get a brand new mosque with increase capacity for its Jemaah and 4 storey of commercial properties to provide income for the mosques to maintain and run its operation.


More Definitions of Baitulmal

Baitulmal means the Bait­ul­Mal established under the Pakistan Bait­ul­Mal Act, 1991 (I of 1992); and
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Baitulmal means the fund established under section 45;
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Baitulmal means the fund established under section 45; “court” means any court in the Federation established under
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