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The so called Patto Marciano in the Italian Consolidated Banking Act

Italy - March 15 2018 As part of the recent reforms of the bank credit system, the Italian legislator intervened on the so called Patto Marciano, which allows banks and…

Giovanni de' Capitani

Italy: Still a favorite destination for Islamic investors (Part III)

Italy - January 19 2018 Italy is getting ready for the general elections that are scheduled for next March. Prime Minister Paolo Gentiloni's Democratic Party is trailing both…

Italy: Still a favorite destination for Islamic investors (Part II)

European Union, Italy - January 11 2018 The Italian parliament has just approved the 2018 budget law that was submitt ed by the government in late October, and which is the last relevant act…

Islamic finance development at a slow pace while Italian economy recovers

Italy - December 29 2017 After years of stagnation, if not recession, the Italian economy is now recovering. Indeed, Italy's GDP advanced 0.4% in the three months to June 2017…

New rules for financial leases: a potential avenue for Islamic finance?

Italy - November 22 2017 Law No 124 recently entered into force on the 29th August 2017 and provides new rules for financial leases. Article 1, subsection No 136 of the law…