Tarikh Islam

Today, in the budgeting process, achieving an appropriate governance model has become a serious concern and issue. The experience of the Prophetic model in the Bayt al-Mal budget and the Prophet’s style of governance points to an advanced and efficient example and method. The findings of this article, conducted using a descriptive-analytical method and historical study, with a new reading of the budgeting system of the Prophetic state, show that—given the political economy context governing the Bayt al-Mal budget—the Prophet created a cultural environment for engaging with the Bayt al-Mal and interacting with the state. By establishing a system of benefit-sharing and enacting anti-monopoly laws, encouraging public participation in management, oversight, and expenditure, properly managing budget stakeholders, supervising and auditing agents and Bayt al-Mal assets, ensuring transparency and honesty in reporting, and practicing moderation in spending, he was able to manage the Bayt al-Mal budget in a governmental-popular, efficient, and effective manner, while reducing its social and economic costs to the lowest possible level.