30 September 2014

Shariah Friendly Italian financial instruments

 - Tuesday, 20 April 2010, 00:00

Studio Associate Dagradi & Soleto of Milan, has recently concluded an agreement with Erremme Business Advisors, consulting firm specialised in Islamic Finance based in Malta and working in various Gulf countries. The common goal is to provide a legal and fiscal framework of Islamic Finance assistance in the Italian jurisdiction.

The reason why Islamic finance in Italy is not as widespread as in other countries is because of the lack of legislative incentives. However the combination of expertise has allowed the design of instruments that mitigate the effect of the non-Shariah friendly legislation.

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