Continuation
2.4.3 ITALY
Italy is one of
the most rapidly developing markets in Europe.
A number of
initiatives have been taken by Italian authorities regarding Islamic finance.
That initiatives were about studing the issues
related to an expanded presence of Islamic finance.
The Banca
d’Italia, for example, has hosted a number of conferences on the subject.
ABI, the Italian
Banking Association, is currently coordinating a working group related to the
issuance of a corporate or sovereign sukuk.
SIMEST is a financial
institution supporting the development and promotion of Italian enterprises
abroad.
This institute is
working on the possibility of launching a “Mediterranean Partnership Fund”.
The part of the Fund
would be Shari’ah-compliant.
From the research paper of
European Central Bank
(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho,
B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
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