OSMANLI PARA VAKIFLARI İLE GÜNÜMÜZ KATILIM BANKALARI FİNANSAL ENSTRÜMANLARININ BENZERLİKLERİ

Abstract

Charitable foundations are the institutions where people work voluntarily with the aim of conveying their wealth to poor people in order to prevent poverty. Thus, all institutions established under the name of charitable foundations are the institutions which support the government in a way without seeking profit and carry out works in order to improve the welfare level of the society. To realize this goal, charitable foundations emerged in various ways serving different purposes. One of these is the montes pietatis. Montes pietatis emerged in the Ottoman period and gained a good ground in this period. Although there are different points of view belonging to different religious sects regarding the montes pietatis, there are also views of different scholars regarding its being permissible. Montes pietatis, which is established in order to provide the revenue distribution in the society within the frame of social justice, is established to meet the monetary needs of poor people without distress in halal ways. The charitable foundations have realized a capital transfer in society in order to meet the basic needs of poor people in economic distress such as clothing, accommodation etc. The aim of this study is to examine the organization of the montes pietatis emerged in the Ottoman period and put forth their similarities of them with the financial instruments used in participation banks, which are the institutions of the financial system today.