The impact of the Islamic finance wave in Italy.

    Benedetta Lupo
    IFN Islamic Finance News

    With the occasion of the 15th anniversary of the international magazine Islamic Finance News Stefano Loconte and Loconte & Partners were elected as representants for Italy. The contribution of the firm aims to show the significant impact of Islamic Finance and the related perspectives for the economic and social development of our country.

    “There are more than 1.4 million Muslims in Italy – almost 3% of the Italian population – with savings for US$6 billion approximately. Thanks to its strategic geographical position, Italy represents an invaluable link between European and Islamic countries. This helps explain the reason why lots of Muslims are interested in investing and moving here.. Just a few examples: the Abu Dhabi-based fund AABAR owns 5.04% of Unicredit…Understanding Islamic culture is a chance to elaborate on new financial instruments, which can increase the number of exchanges and investment between Italy and Islamic countries, and an occasion to face new perspectives”