Foundation Helping Bankrupt Traders.

Your compassion will bring compassion.

Hadith (Ibn Hanbel)

It was the last period of Sultan Mahmud II. Due to the innovation movements in Europe and the economic turmoil in the […]

Foundation Helping Bankrupt Traders.NewsFoundation Helping Bankrupt Traders.

Foundation Helping Bankrupt Traders.

Foundation Helping Bankrupt Traders.

It was the last period of Sultan Mahmud II. Due to the innovation movements in Europe and the economic turmoil in the world, the tradesmen in the Ottoman Empire were in a difficult situation. The Sultan, wandering around the bazaar and listening to people's problems, was looking for a way out of trouble.

There was someone else who was looking for a solution: Mustafa Ağa, the former Minister of Kile and the Sultan's gunslinger… Mustafa Ağa was going up and down thoughtfully in his room, tugging on his twisted mustache…

“We must find a cure,” he was saying.

Incoming assistant:

⁃ Sir, another news has come. The business of three other Bayezid merchants turned upside down. They were sent to prison because they could not pay their debts…

⁃ What will we do then ?

⁃ You know better, sir…

⁃ I'm a gunslinger, my son. What can I do?

⁃ This covered bazaar shopkeeper knows you. Let's set up a foundation, sir. With the help of those who can…

⁃ Well? How will that work?

⁃ This foundation pays the debt of the merchant who went bankrupt and was imprisoned for his debt.

and it causes anyone to get out of jail. How much do we save…

⁃ Hmm.. well thought of that… Give me my coat…

After this speech, Mustafa Ağa, son of Mustafa Ağa, went around all the wealthy businessmen he could talk about, one by one. He asked for their contribution. And the foundation, which can be regarded as a "businessmen's union" in today's sense, was established under the leadership of Mustafa Ağa. Thus, even though the tradesmen at that time did not come to the aid of the state, which was in a difficult situation due to foreign debts, they came to the rescue of themselves.