He died on his way to battle Shahrukh (who demanded his submission) on 17 November 1420. According to Ahmad Faridun Bey's "Munshat-us-Salatin" Shahrukh's Fathnama ("term used to denote proclamations and letters announcing victories in battle or the successful conclusion of military campaigns" according to Encyclopædia Iranica[16]) sent to Mehmed I, right after Qara Yusuf's death his treasury was stolen by his nephews Qazan beg (Khwaja Misr's son) and Zeynal beg and taken to Avnik. Shah Muhammad and Qara Iskander retreated to Ganja and Barda.