Regulators (Baitul Mal, Central Bank)

Regulators like the Baitul Mal and Central Bank oversee and manage financial systems to ensure safety, stability, and fairness. The Baitul Mal typically functions as a government institution that handles welfare, charity, and redistribution of wealth. The Central Bank acts as the main authority for a country’s monetary policy, supervising banks, controlling inflation, and ensuring the currency’s stability. Both regulators establish rules and policies to prevent financial fraud, protect consumers, and maintain confidence in the economy. Their goal is to create a secure financial environment that supports economic growth and protects the interests of all stakeholders.