In Italy, Islamic finance is dedicated to fulfilling the wishes of millions of Muslims who are living in Italy.
In Italy, neither the jurisdiction in place nor the Italian tax system are prepared to accommodate financial structures that meet the specific needs of Islamic finance.
Italy has strong commercial ties with Muslim countries by establishing Islamic finance to monetize these valuable relationships.
An Italian Islamic finance would serve not only to better control the flow of money from Muslim immigration to Italy but also to meet their needs.
Apart from Italy, many European countries took the first steps in establishing a banking system ready to welcome the principles of Islamic Sharia.