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Financing in EuropeMicrocredit in the Ottoman Empire: A Review of Cash Waqfs in Transition to Modern Banking

Financing in Europe: Microcredit in the Ottoman Empire: A Review of Cash Waqfs in Transition to... [The chapter by Gürer Karagedikli and Ali Coşkun Tunçer explores the credit activities of cash waqfs (religious foundations) in the Ottoman Empire in the nineteenth century by relying on original waqf registers. It conceptualises cash waqfs as microcredit organisations and questions the established view that they went into decline in the nineteenth century at the face of competition with the formal credit institutions. The chapter shows that the cash waqfs and the bank branches proliferated in number across the Ottoman Empire during this period, and they showed a similar geographical distribution. This finding implies that cash waqfs complemented the activities of the modern banks by mitigating the social costs of nineteenth-century globalisation.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Financing in EuropeMicrocredit in the Ottoman Empire: A Review of Cash Waqfs in Transition to Modern Banking

Editors: Lorenzini, Marcella; Lorandini, Cinzia; Coffman, D'Maris
Financing in Europe — Feb 20, 2018

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References (20)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2018
ISBN
978-3-319-58492-8
Pages
239 –268
DOI
10.1007/978-3-319-58493-5_10
Publisher site
See Chapter on Publisher Site

Abstract

[The chapter by Gürer Karagedikli and Ali Coşkun Tunçer explores the credit activities of cash waqfs (religious foundations) in the Ottoman Empire in the nineteenth century by relying on original waqf registers. It conceptualises cash waqfs as microcredit organisations and questions the established view that they went into decline in the nineteenth century at the face of competition with the formal credit institutions. The chapter shows that the cash waqfs and the bank branches proliferated in number across the Ottoman Empire during this period, and they showed a similar geographical distribution. This finding implies that cash waqfs complemented the activities of the modern banks by mitigating the social costs of nineteenth-century globalisation.]

Published: Feb 20, 2018

Keywords: Cash Waqf; Modern Banking; Ottoman Empire; Waqf System; Ottoman Public Debt Administration

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