The new institution continued the role of redeeming slaves until the early 19th century, when it became redundant following the suppression of slavery.

The Monte della Redenzione degli Schiavi was founded in 1607 by Grand Master Alof de Wignacourt,[1] after a Capuchin friar Raffaele Camilleri made a series of Lenten sermons describing the situation of Christian slaves in Muslim hands.

This changed when the noble Caterina Vitale bequeathed most of her estate to the Monte di Redenzione upon her death in 1619.

[5] Initially, the Monte di Redenzione had a committee of seven members responsible for collecting alms, but this system was eventually abolished and replaced by an administration made up of four persons, two of whom were knights.

This commission met at the vestry of the Conventual Church of St. John in Valletta until 1690, when they began to meet at the president's house.