Ahmad Fanakati, chief minister under Kublai Khan

Ahmad Fanākatī, alternatively rendered as Ahmad Banākatī was a Persian Muslim from the Qara Khitai who served as chancellor and finance minister of the Yuan dynasty during Kublai's reign. He became known as a chief minister under Kublai and is credited with successfully establishing the financial system of the Yuan dynasty. He was considered to be a "villainous minister" in dynastic histories because of his perceived corruption.

Kublai Khan, also known by his temple name as the Emperor Shizu of Yuan and his regnal name Setsen Khan, was the founder and first emperor of the Mongol-led Yuan dynasty of China. He proclaimed the dynastic name "Great Yuan" in 1271, and ruled Yuan China until his death in 1294.