The Ismailiyya Palace (Azerbaijani: İsmailiyyə Sarayı) is a historical building that currently serves as the Presidium of the Academy of Sciences of Azerbaijan.

The palace was constructed for the Muslim Charity Society by Polish architect Józef Płoszko, at the expense of the millionaire Musa Naghiyev[1] in commemoration of his deceased son Ismayil, and was named Ismailiyya after him.

This square, by waiting for the civil servant’s decision, gradually becomes a natural market as the solution to problem takes too much time.

Known as Devil's Market(Şeytan bazar), this place was considered to be the most populated point of Baku in the late 19th and early 20th centuries.

The Baku Muslims wanted to create a religious community that establishes the examples of famous mosques in Istanbul, Tabriz, Isfahan and other eastern cities that represent a magnificent architectural environment among greenery, fountains and transparent water pools.

The area where the current palace of Ismailia is favorable for town-building (urbanism) in the structure of the street and occupies an important place in the architectural plan.

Prepare your descendants for the future.” “Strive for knowledge, in spite of the length of the way.”Agha Musa described the stone statue at the entrance of central and angels around it as follow: If Ismail were alive, I would have lots of grandchilds around me, like angels around the statue.The building was restored with the participation of Alexander Dubov in 1922-1923 and was renamed into the Turkish Cultural Palace for a while.

During the restoration of the building, the words "Намят Нагиевым" (commemorating Nagiyev) are written in capital letters instead of the title of Ismailia.