What were the financial reforms of Hazrat Umar?
This is Article about financial reforms of Hazrat Umar. Here you will read all financial reforms which made hazrat Umar. In the era of Hazrat Umar, he gave attention to the financial reforms. What were the financial reforms of Hazrat Umar? Hazrat Umar was the first caliph who made a good arrangement of wealth in the Islamic Empire and made financial reforms. You have established a department of fixed assets. Hazrat Umar had a central Bait-ul-Mal built in Medina and Bait-ul-Mal was built in every province. You built strong walls for Baitul Mal. Bait-ul-Mal was built during the reign of Hazrat Umar, but nothing was stored in it. You have to calculate the income and expenditure principle. Honest people were chosen to keep the accounts of Baitul Maal. The officer of Dar al-Khalfa or Bait al-Mal was Hazrat Abdullah bin Arqam. Abdullah bin Masud of Kufa and Khalid bin Haris of Isfahan were among others. The arrangement of Bait-ul-Mal was that the revenue of each province came to Bait-u...