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Financial Development of the Waqfs in Konya and the Agricultural Economy in the Central Anatolia (Late Sixteenth-Early Seventeenth Centuries)

2012; Brill; Volume: 55; Issue: 1 Linguagem: Inglês

10.1163/156852012x628509

1568-5209

Kayhan Orbay,

Islamic Finance and Banking Studies

Abstract This study examines the financial history of three waqf s (those of Mevlânâ Celâleddîn-i Rûmî, Sadreddîn-i Konevî, and Selîm II) in Konya through their account records covering the late sixteenth and early seventeenth centuries. These waqfs (charitable foundations) had large agricultural holdings, and their financial developments consequently reflect the local agricultural conditions in central Anatolia. This analysis of the waqf account books deals with the short-term financial difficulties resulting from harvest failures and increasing grain prices. The widespread Celâlî rebellions seem to have caused agricultural crisis and the financial decline of waqfs in the early seventeenth century.