In the Islamic economic system, baytuk māl is equivalent to the

In the Islamic economic system, baytuk māl is equivalent to the public treasury. Baytuk māl refers to a central pool of resources that is managed by the Islamic state. This pool of resources includes money, property, and other assets that belong to the community as a whole. The purpose of the baytuk māl is to ensure that everyone in the community has access to basic needs such as food, shelter, and healthcare. Unlike a commercial bank or community bank, which are privately owned and operated for profit, the baytuk māl is a public institution that is managed by the government. It is similar to a common market in that it serves the needs of the community as a whole, but it is specifically focused on managing and distributing resources rather than facilitating trade.