The debate on transition to capitalism in the Ottoman Empire continues. In this study, therole of capital in the development of capitalist relations in the Ottoman Empire in the absence of aninstitutional credit mechanism was investigated through the incorporation practice. For this purpose,the XIXth century Bursa silk sector case was analysed. This is because it is the most integrated amongthe Ottoman Empire sectors with the European markets. This quality of the sector has enabled thecomparison of Western Europe with the Ottoman Empire in terms of industrial capitalism. For makingthe comparison, Western European company history, secondary sources and studies on the subjectwere examined. In this context, the political, religious, and socioeconomic features that were effectiveon the emergence and development of institutional organizations in the Ottoman Empire were takeninto consideration. Depending on the characteristics in question, it was understood that the capitalisttransformation was realized through formal and tacit agreements of usurer-foreign/minoritymerchant-bureaucrat cooperation in Bursa silk sector, differently from the corporation in WesternEurope, even at the point of raw material-intermediate production. However, the capitalisttransformation was not observed in the manufacture of final products and other textiles, and that thenloss of employment and production appeared in these branches of activity as a result of the completeincorporation of the Empire into the center-periphery relationship with the Act of Port of Treaty of 1838signed with Britain.