TY - JOUR TI - A Look at the Cash Waqfs as an Indicator of Ottoman Financial Mentality AB - In spite of the fact that the waqfs have existed with the history of humankind and are helpful inall social communities, they have a different and important place in Islamic societies. The waqfs haveinstitutionalized and organized assistance and solidarity between individuals. Especially in Islamic societies, a great importance has been attached to waqfs. The waqfs that helped institutionalize the conceptof “infaq” (charitable giving), met many needs of the community. One of the Islamic states where thewaqfs are very active was the Ottoman Empire. The range of waqf services in the Ottomans expandedso much that, besides serving individuals and community, waqfs for injured birds and sick animals werealso established. The fact that the waqfs are so widespread in the state has made it possible to refer theOttoman Empire as a waqf civilization.One of the waqf types operating in the Ottoman Empire was the cash waqfs (CWs) which hold cashmoney as capital. The CWs operated its capital with various Islamic finance methods. Revenues obtained from various investments were used for the purpose of waqf. The CWs met the vital necessities ofthe society pertaining to education and religion in the period they were active in the Ottoman Empire.Another function of these waqfs was to operate as a micro-credit mechanism. Through these waqfs, thesurplus and the accumulated savings in the hands of the wealthy people were made available to merchants, farmers, craftsmen, and artisans. Hence, these waqfs have served as resource transfer channels aswell as functioning as a charity in the society.The main goal of CWs, which is the pioneer of modern Islamic financial institutions, is differentfrom that of Islamic interest-free financial institutions. The CWs did not transfer the profits they obtained to the waqf’s founder or owner. The income obtained was spent to fulfill the charitable services.Therefore, these institutions created an altruistic finance model operating within the borders of Islamicrules and orders. Therefore, this model has its own principles. In our study, the financial mentality of theOttoman society in the context of CWs and how this mentality shaped them will be discussed. The basicprinciples of this mentality and CW model will be emphasized. AU - Bulut, Mehmet AU - KORKUT, CEM PY - 2019 JO - Vakıflar Dergisi VL - 0 IS - 80. Yıl Özel Sayısı SN - 1011-7474 SP - 115 EP - 132 DB - TRDizin UR - http://search/yayin/detay/347852 ER -