Meaning
Wealth, riches, fortune; also a state or government.
How Iqbal uses it
Daulat in Iqbal is a power that corrupts when it is the goal of life, severing man from his higher purpose. He warns that the greed for riches enslaves the soul more surely than poverty.
See it in the verse
Daulat in Iqbal’s couplets
Faqir-e-rah ko bakhshe gae asrar-e-sultani
Baha meri nava ki daulat-e-parvez hai saqi
Baha meri nava ki daulat-e-parvez hai saqi
To the wayfaring beggar were granted the secrets of kingship; the price of my song is the whole treasure of Parvez.
Self-Knowledge · Humility · Selfhood
Man ki daulat hath aati hai to phir jati nahin
Tan ki daulat chhanw hai aata hai dhan jata hai dhan
Tan ki daulat chhanw hai aata hai dhan jata hai dhan
The wealth of the inner self, once gained, never leaves you again; the wealth of the body is mere shade, money comes and money goes.
Self-Knowledge · Selfhood