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Different researches have brought to the fore a number of remarkable contributions of the Bayt Al-MÄl as a fiscal policy in the redistribution of wealth. In Nigeria, a few studies have been undertaken to evaluate the volution and state of the Bayt Al-MÄl. None of the studies however have undertaken an analysis of the operation and impact of the Bayt Al-MÄl in the town of Saki as a mechanism for the redistribution of wealth. Therefore, this paper examines the activities and impact of Sakiâ€™s Bayt Al-MÄl in meeting some of the growing needs of Muslims, including in the areas of poverty alleviation, education and health. The study reveals that Sakiâ€™s Bayt Al-MÄl has recorded tremendous achievements in meeting some of the growing needs of Muslims and non-Muslims in the areas of health and education through the establishment of a Muslim School of Basic Midwifery, Muslim Medical Foundation, Muslim Hospital, and Muslim Primary and High Schools. The paper concludes that a sound Bayt Al-MÄl is a necessary pre-condition for the pursuit of effective poverty alleviation measures. The paper recommends that Zakat should be one of its main sources of funding.