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

In the Islamic economic system, baytuk māl is equivalent to the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Commercial bank
  • B Public treasury
  • C Common market
  • D Community bank
Correct Answer: Option B
Explanation:
Bayt al-Mal, known as the public treasury of Islamic state, was established by the Prophet-may peace be upon Him- and then it was further extended and expanded by Abu Bakr and Umar, who succeeded the Prophet as the Caliph of the Islamic state

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