The Effect of Interest and Rent Income of the Foundations of Ottoman Istanbul Eyüp Region on Cash Capitals: Panel Data Analysis (1769-1773)

Waqfs that generate income by operating cash or by operating cash and renting real estate are called cash waqfs in the literature.one of the issues examined in earlier studies on cash waqfs isthe size of the cash capital of such waqfs. earlier studies have also looked into the amount of increase or decrease in these capitals and how these increases or decreases occur. in theliterature, waqfs that earn income only by operating cash or by operating cash and renting real estate are called cash waqfs.in this study, the effects of interest and rental income on the cash capital of 12 waqfs in the eyüp (havass-ı refia) district between 1769-1773 were analyzed withpanel data. the data required for the analysis were obtained from the waqf accounting book no. 246registered at the havass-ı refia court. according to the results of the analysis, it was found that interest revenues had a significant effect on the growth of cash capitals but that rental income had no effect on cash capitals.