The mosque used to be surrounded by a bazaar of thread makers (İplik Pazarı), from which the current name derives.

This building was replaced with the current mosque under the sponsorship of Muhammed Sadık Bey, a charitable foundation board member (vakıf murahhas üyesi) in 1898 in the British period.

[3] The other, dated to 1899, was inscribed by the Cypriot calligrapher Kutubul El Hac Mehmet Arif in the talik script.

[5] In the southeastern wall of the men's prayer area lies a simple mihrab and a wooden minbar with exquisite floral woodwork.

It belongs to the initial mosque constructed by Hacı Ahmed Ağa in the early 19th century and predates the rest of the building.