Aims to produce Muslim professionals and further improve the economic status of Muslims. Baitulmal Professional Institute (IPB) was established on 23 April 1992 as a result of the efforts of the Federal Territory Islamic Religious Council (MAIWP) and the Federal Territory Foundation (YWP).

Starting its operations at Wisma Awal, Jalan Raja Muda Abdul Aziz, Kuala Lumpur in April 1992, IPB then moved to a permanent campus at Lot 1363, Jalan Perkasa, Off Jalan Kg. Pandan, Kuala Lumpur in June 1996. So began a new sheet for IPB in realizing its mission.