It is unknown that by whom and when this palace was built. Only we know that the Grand vizier Ibrahim Pasha (1593-1536). He served as the Grand Vizier of Suleiman the Magnificent(1523-1536). He lived in this building as his pavilion in 16. century.
The museum is located next to the Hippodrome (At Meydani), and another piece of information about the museum is; it is the last museum, was opened by the Ottomans. The museum includes almost everything about Islamic art.
After the republic, the building was converted into a museum completely. The museum includes Abbasis, Umayyads, Timurids, Andalusia, Caucasians, Parsees, Ayyubids, Safavids. Many kinds of calligraphy, carpets, kilims, sarcophagus from medieval and early Islamic periods. According to some historians, the palace was more beautiful than the Topkapi Palace. If you interest in arts and Islam, you should not miss it.
You can book Istanbul Turkish Islamic and Art Museum Tour with Romos Travel.