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TIEF 2019

Since 2014, the City of Turin, in partnership with the University of Turin, the Turin Chamber of Commerce, the Association for the Development of Alternative Instruments and Financial Innovation (ASSAIF) and with the organizational support of Turismo Torino e Provincia, has focused on the opportunities offered by Islamic finance and organized three editions of the Turin Islamic Economic Forum (TIEF).

According to the Islamic Finance Development Report 2018 (Thomson Reuters, 2019), the Islamic finance sector is constantly expanding. Both Muslim-majority and Muslim-minority countries have recognized the potential of this sector, with banks and governments encouraging Islamic finance to improve financial inclusion. In addition to the usual sectors of the Islamic eco-system such as food, fashion, cosmetics, travel and entertainment, there is a further propulsive growth in the Islamic FinTech sector with over 93 start-ups. The turnover of Islamic assets has exceeded 2.5 trillion dollars in the world and is set to grow considerably, especially in Europe, where many Muslim professionals live. In the food sector, Muslims spend $ 1300 billion; followed by clothing ($ 270 billion), media and entertainment ($ 209 billion), travel ($ 177 billion), pharmaceutical and cosmetic ($ 87 and $ 61 billion respectively).

This topic is still little known in the Italian corporate world, whereas many European players have created the so-called “islamic windows”: twin companies structured in a Shariah-compliant way, enabling them to offer goods and services in accordance with the law of the Koran. Some household names that are working in this way are: Barclays, Citibank, Pictet, HSBC Bank, BNP Paribas, ABN Amro and Societé General. Islamic finance undoubtedly represents an opportunity to attract new capital that can be deployed in infrastructures, renewable energy and real estate.

The TIEF is the only Islamic finance forum in the world organized by the municipality of a major city that, in partnership with the Chamber of Commerce, the University and a research body that promotes financial innovation, encourages initiatives and events related to the Islamic eco-system aiming at the integration, and economic and social development of all members of society. The TIEF already has three successful editions to its credit – 2014, 2015 and 2017 – which have encouraged meetings and networking with companies and institutions in the major cities of the Middle East.

In particular, the events allowed local companies to enter into industrial and supply agreements with companies in the Middle East, and to public institutions and Italian research centers to interact with the most important players in the Islamic finance and economics world-wide.

The City of Turin and its institutional partners, consider the Islamic finance a useful tool to favor the integration and the attraction of investments from those countries where Islamic finance plays a decisive role in public policies.

The fourth edition of the TIEF themed “Creating a Holistic Environment for the Islamic Economy” will gather from 28th to 30th October 2019 and revolve on the following topics:

  • Fintech, Blockchain, Artificial Intelligence: all disruptive technology that, in their essence, are compliant with Islamic finance
  • New Urban Policies
  • Social Impact Policies
  • Islamic Creative Economy

The TIEF 2019 will provide three days of meetings to learn about and explore new trends related to these topics, generate opportunities for exchange and learn best practices from the world best players. The last day will be dedicated to the academician presentations of Islamic financial concepts.

The Forum will also host two round-tables powered by the “Global Islamic Economy Summit” (GIES), the global event organized by the Government of Dubai through the Dubai Islamic Economy Development Center (DIEDC), the Dubai Chamber and Thomson Reuters.

Two sessions dedicated to specific initiatives are also scheduled.

The first is dedicated to the Italian-Palestinian cooperation project NUR / New Urban Resources, co-financed by the Italian Agency for International Cooperation. The NUR project, aims at providing technology and technical assistance to increase energy autonomy from renewable sources, and includes professional training courses and advanced training as well as the incubation of 4 start-ups in collaboration with the University of Bethlehem to promote environmental sustainability in this city. NUR is a best practice through which the City of Turin intends to provide a model that can also be disseminated in other Middle Eastern countries.

The second is dedicated to the “Hub Middle East”, a new project organized by Artissima 2019 in collaboration with Fondazione Torino Musei that sets out to offer an overview of collecting, institutions and artists active in a geographical area of central importance for developments in contemporary society. During the fair, the presence in Torino of the most important representatives of foundations, museums and galleries, as well as collectors, critics, curators, and artists of the Middle East, will provide a versatile cutaway view of the most interesting contemporary developments in a territory that, in its diversities, embodies a sophisticated poetics connected both to ancient cultural traditions and to innovation, building bridges and areas of common interest able to go beyond religious and cultural differences.

TORINO INCONTRA CONFERENCE CENTER
Via Nino Costa, 8 – TORINO
OCTOBER 28 – 29, 2019

EUROPEAN TRAINING FOUNDATION – VILLA GUALINO
Viale Settimio Severo, 65 – TORINO
OCTOBER 30, 2019

About TIEF

The Turin Islamic Economic Forum is a project shared by the Municipality of Torino, the Chamber of Commerce of Torino, the University of Torino and ASSAIF– Associazione per lo Sviluppo di Strumenti Alternativi e di Innovazione Finanziaria – to promote effective initiatives on Islamic Finance for social inclusion and economic development of the territory.

It’s a unique event hosted by a local government that offers local stakeholders the chance to meet international leading players in the fields of Islamic finance and economy.

A two-day event to share ideas, learn from outstanding international best practices and examine new trends in Islamic Finance

After the maiden (2014) and second (2015) TIEF editions that launched, explained and created the momentum for Islamic finance and economy, the City of Torino hosted the third edition on March 6th and 7th 2017, focusing on the use of Islamic finance to trigger processes of social inclusion and to foster economic development and internationalisation of local SMEs, particularly in the field of renewable energies, biotechnology and aerospace, with insights and updates on the evolution of the national law on fiscal neutrality.

1. What

The Turin Islamic Economic Forum (TIEF) is a project shared by the Municipality of Torino, the Chamber of Commerce of Torino, the University of Torino and ASSAIF– Associazione per lo Sviluppo di Strumenti Alternativi e di Innovazione Finanziaria – to promote effective initiatives on Islamic Finance for social inclusion and economic development of the territory.

2. Where

Torino, with its 908.000 inhabitants, its 130 km2 of territorial extension and its GDP of 55.000 millions of Euros (which is 4.5% of the national GDP), is one of the most important cities in Italy. It is a modern and vibrant city which can be considered as a model worldwide since it has become a centre of innovation and culture of which we are very proud.

3. Why

The Islamic economy and finance is growing and making an increasing contribution to the global economic growth. According to the Economist magazine (September 2014), Islamic finance grew at an annual rate of 17.6 percent between 2009 and 2013, faster than conventional banking and is estimated to be US$2 trillion in size.

TIEF 2019

9:00 - 9:15

Chiara Appendino – Mayor, City of Torino

Vincenzo Ilotte – President, Torino Chamber of Commerce

Stefano Geuna – Rector, University of Torino

Alberto Brugnoni – Managing Partner, ASSAIF

 

 

Discussant:

Paolo Biancone - Full Professor of Business Administration, University of Torino

Presenters:

Rafi-uddin Shikoh - Founder and CEO DinarStandard, New York - Dubai
Islamic Fintech - Current Landscape & Path Forward

Reuben Buttigieg - CEO ERREMME, Malta
Establishing a European Regulatory Framework for Blockchain

Stefano Sermenghi - CEO and Co-Founder Big Group
Blockchain in Italy: fundamental tools for the Italian Food Industry

Moderator:

Saeed Mubarak Kharbash Al Marri – Deputy CEO - Strategy & Planning, DIEDC/ Dubai Islamic Economy Development Centre

Panelists:

Rafi-uddin Shikoh – Founder and CEO DinarStandard, New York - Dubai

Franka Soeria – Co-founder, Think Fashion & #Markamarie, Istanbul - Jakarta

Silvano Martinotti – Vice-President, Italian Industry & Commerce Office in the UAE

Tomas Guerrero Blanco – Manager, Halal Trade and Marketing Centre, Dubai

Arwa Hanif Al-Qassim – Specialist in Projects and Events Dept., Dubai Culture & Arts Authority

Discussant:

Dario Gallina – President, Union of Industrialists Torino

Presenters:

Marco Pironti – Deputy Mayor for Innovation, City of Torino

The Smart City Project "Torino City Lab": Using the "Città di Torino" Assets as a Living Lab

Daniele Russolillo – Planet Holding Limited, London-Turin

Smart neighborhoods and affordable housing: a global approach.

Pietro Perlo – President of Torino e-District and Interactive Fully Electrical Vehicles “I-FEVS”

Smart Manufacturing of Electric Vehicles in the Torino area: applying artificial intelligence and blockchain technologies

Moderators:

Maria Bottiglieri – Responsible for International Cooperation and Peace Activities, City of Torino

Alberto Brugnoni – Managing Partner, ASSAIF

Panelists:

Romano BorchielliniPresident, Advisory Board of the Energy Center / Representative of the Rector of Polytechnic of Turin for the Energy Center

Fadi KattanDean, School of Business and Administration, Bethlehem University

Luigi BiscegliaCountry representative in Palestine, VIS (Volontariato Internazionale per lo Sviluppo) / Coordinator of the Yunus Social Business Centre of Bethlehem University

Ziad Alsayeh Head of Planning and Development Department, Municipality of Bethlehem

Wisam Salsaa – Director, Walled Off Hotel Gallery, Bethlehem


14:15 - 15:00  Refreshments

Discussant:

Alberto Brugnoni – Managing Partner, ASSAIF

Presenters:

Marco Giusta Deputy Mayor for Human Rights, International Cooperation, City of Torino

Project MENTOR

Marco De Giorgi – Director General, Ministry of Public Administration, Republic of Italy

The Social Innovation Fund

Houssam Chahine – United Nations High Commissioner for Refugees, Dubai

The Refugee Zakat and Sadaqa Jariyya Fund

Mario Calderini – Full professor, Polytechnic of Milan

Torino Social Impact and Social Impact Investment (Borsa dei Valori)

Emiliano Giovine – R&P Legal, Milan and Turin

Refugee-led Entrepreneurship

Moderator:

Rafi-uddin Shikoh – Founder and CEO DinarStandard, New York – Dubai

Panelists:

Massimo Falcioni – CEO, Etihad Credit Insurance (ECI), Abu Dhabi

Salim Al Ali – Assistant Professor at United Arab Emirates University

Piero Poccianti – President, Italian Association for Artificial Intelligence

Abdur Rahim Ghulam Nabi – Senior Advisor to Assistant Director General at DAFZA, Dubai

Nadim Bardawil – BSA Ahmad Bin Hezeem & Associates

 

11:00 - 11:30  Coffee break

Moderators:

Alberto Sacco – Deputy Mayor for Commerce, Tourism, Employment Policies, City of Torino

Alberto Brugnoni – Managing Partner, ASSAIF

Panelists:

Massimo Falcioni – CEO, Etihad Credit Insurance (ECI), Abu Dhabi

Hamid Distefano - CEO HalalItalia, Milano

Annamaria Aisha Tiozzo - President - WHAD

Elena Toselli – Ministry of Economic Development - Directorate General for Internationalization Policies and Promotion, Republic of Italy

Tomas Guerrero Blanco – Manager, Halal Trade and Marketing Centre, Dubai

Andrea Martra – CEO HalalTO and Professor, University of Torino

 

Moderator:

Ilaria Bonacossa Director, ARTISSIMA, Turin

Panelists:

Deborah Najar – Director, Jean-Paul Najar Foundation, Dubai

Alia Fattouh – Director, Athr Gallery, Jeddah


13:15 - 14:00  Refreshments

9:15 - 10:00

Salim Al Ali – Assistant Professor at United Arab Emirates University, Dubai

                        How to Structure a Sukuk

10:00 - 11:00

Academic papers presentations

Parallel Session 1

 Islamic Finance, Social Impact Finance and Blockchain

Chair: Buerhan Saiti

Parallel Session 2

 Digital Transformation, Islamic, Social and Impact Financial Innovation

Chair: Lavinia Pastore

Parallel Session 3

Artificial Intelligence, Big Data, and Digital transformation for Generating Impact

Chair: Federica Miglietta

  • Smart Sukuk Structure from Shari’ah Perspective and Financing Benefits: Proposed Application of Smart Sukuk through Blockchain Technology in Islamic Banks within Turkey.
  • Bitcoin-Blockchain Phenomenon: An Investigation on News Titles Influence
  • The Contemporary Islamic Banking & Finance – Finance as Worship or a Commercial Funding
  • Bibliometric Analysis of Islamic Finance
  • FAST-TRACKING THE ISLAMIC DIGITAL ECONOMY: Strengthening the Eco-system and Enhancing the Legal and Regulatory Framework
  • When the civic-crowdfunding play a crucial role on urban sustainability. The case study of the University of Rome "Tor Vergata" and the project "A playground for Aurora"
  • Islamic finance and social finance, an opportunity for social enterprises

 

  • The reliability and validity of cryptocurrency from maqasid al-shariah perspective: a preliminary study

 

  • Digital transformation and Islamic ethics in Islamic finance

 

  • Norwegian pension fund divestments and the market effects

 

  • Islamic view towards Bitcoin

 

 

11:00 - 11:30  Coffee break

11:30 - 12:30

Academic papers presentations

Parallel Session 4

Islamic Finance, Social Impact Finance and Blockchain

Chair: Rocco Frondizi

Parallel Session 5

 Digital Transformation, Islamic, Social and Impact Financial Innovation

Chair: Samir Srairi

 

 

Parallel Session 6

Impact Finance, Islamic Finance, and Innovative Financing

Chair: Maha Radwan

 

·        A Comparative Study of CSR Practices of Islami Shariah Based PCBs and Conventional PCBs in Bangladesh.

·        A Study on Integration of Islamic Social Finance through Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)

·        An analysis of Dyadic relationship between Islamic Financial Institutions and Takaful Operators and their impact on Economic stability

·        Can the FinTech progress the Real Estate Sector?: Crowdfunding &Bloackchain Compared in a Literature Review

·        Takaful Industry and Blockchain: Challenges and Opportunities for Costs’ Reduction in Islamic Insurance Companies

 

  • Islamic Finance and the New Technology Challenges
  • Information Technology for Zakat Management in Indonesia
  • Moderating Effect of Leader Seniority between Governance Mechanisms and Profitability of Takaful Insurance
  • Innovation in Product Development Process for Islamic Financial Institutions in Malaysia: A Conceptual Framework with Ethical Values for Community Benefits
  • The Concept, Structure and Epistemological Development: Musharakah Tijariah Cross-Border Financing
  • The Comparison Of Home Financing Between Turkey And Malaysia: A Critical Assessment

·        The Prospect of Islamic Finance Social Instruments in Public Finance

 

·        IMPACT OF ISLAMIC MICROFINANCE ON BORROWER’S INCOME IN PAKISTAN- A CASE STUDY OF AKHUWAT

 

·        The role of hawala in the Islamic culture. A way to avoid crime financing

12:30 - 13:30  Lunch break

13:00 - 14:00

Sabrina Iannazzone – Public Affairs Consultant – Interel Bruxelles
Developments and Prospects for Islamic Finance in Italy

13:30 - 15:00

Academic papers presentations

Parallel Session 7

Islamic Financial Capital Markets Issues and Prospects

Chair: Noemi Rossi

 

Parallel Session 8

Islamic Banking Efficiency, Risk Management, and Regulative Policies

Chair: Davide Maggi

Parallel Session 9

Current Financial Technologies: Crowdfunding, FinTech and Cryptocurrencies

Chair: Maura Campra

  • S&P Islamic Returns with Economic Policy Uncertainty: Symmetric or Asymmetric effect.
  • Impact of the Bond market and Sukuk market on the oil shocks:  The effect of Herd Behavior
  • Can the Dow Jones Sustainable Index be useful for evaluating Dow Jones Islamic Market companies?
  • Credit risk pricing: Evidence from dual micro finance institutions systems
  • Transparency and bank risk-taking in GCC banking
  • Analysis of Central Bank Digital Currencies issuance Economic and Shariah viewpoints
  • Analysis Of The Transmission Asymmetry Of Monetary Policy In A Dual Banking System: Econometric Modelling
  • The use of cryptocurrencies for hawala in the Islamic finance
  • The synergistic relationship between crowdfunding and corporate social responsibility: A case study
  • Sharia Compliance Crowdfunding And Blockchain; A Case Study Of Safir Platform

 

 

15:00 - 15:30  Coffee break

Live Tweet

Pic from conference 2017

Partner & Sponsor

Organised by

Città di TorinoCamera di Commercio di TorinoUniversità degli Studi di TorinoAssaif

Organising Partner

Turismo Torino e Provincia

Strategic Partner

DIEDC

International Partners

DinarStandardDinarStandard

Knowledge Partner

ETF

Media Partner

DIEDCDinarStandard

Supporting Partners

DIEDCDinarStandard

Gies Partners

UAEUDAFZAHTMCBSA

Sponsor

IrenCavourese

Venue & Info

Torino Incontra: The Conference centre in the city center

A functional and technologically advanced structure characterized by professionalism and elegance besides a wide range of spaces suitable for conferences, conventions and big events. Torino Incontra is all this right in the heart of the city with plenty of leisure, shopping art and culture options. Easy access to town from motorways, airport and a few minutes away from the railway and the underground.

All the information you might want on the Conference Centre, the spaces and services in addition to any other helpful piece of news to customize your event is posted on this portal.

Go to Torino incontra site >

Spaces where your projects can grow

Conceived to host meetings and conferences Torino Incontra’s halls and rooms can meet from the most basic up to the most demanding request always delivering impeccable service. The halls: Cavour, Giolitti, Einaudi have a capacity of respectively: 308, 161 and 99 seats, the Sella hall is equipped with a videoconference automatic shooting system that allows to join in from any of the 57 seats of the hall.

Board of Directors meetings, confidential meetings, training courses and business meetings find their ideal location in the Mollino, Antonelli and Juvarra conference shape style rooms that can respectively seat 15, 12 and 10 people.

Two largest multifunctional areas are: the captivating Foyer and the ample Torino Hall: both suitable for hosting exhibitions, expositions, catering services, concerts and convivial events.

The main reception desk, purposely equipped, is a real coordination and welcome point. There are also a number of secretarial rooms – handy support for big events – and two bar areas with flexible layout options, all surrounded by functional public areas and display windows.

More informations >

VALDO FUSI Park

Located in the city center, between via Giolitti, via San Francesco da Paola, via Cavour and via Accademia Albertina. vehicle may enter and exit from Via Cavour and Via Giolitti. The Parking is located within the perimeter of the new ZTL zone. Who access to this parking several times can avoid the penalty by notifying the license plate number to the parking immediately after entry, not later than 11 am.

How to reach the ETF

The ETF is located in Turin, Italy. Its premises are at Villa Gualino, an historical building on the hills overlooking the city, a 15-minutes drive away from the city centre.
Address: ETF – European Training Foundation Villa Gualino Viale Settimio Severo 65 – 10133 Torino – Italy
E: info@etf.europa.eu
T: +39.011.630.2222
F: +39.011.630.2200
How to reach the ETF by public transport Bus no.73 leaves hourly from Piazza Gran Madre (on the other side of the river from Piazza Vittorio Veneto), with stops in Corso Fiume and Piazza Crimea. By bus, the travel time Gran Madre/ETF is about 15 minutes; Piazza Crimea/ETF is about 10 minutes. More information on the GTT website.
How to go from/to Turin airport Turin International Airport”Sandro Pertini” in Caselle is connected to the city centre by bus services (to the main railway station Porta Nuova) and train services (to the railway station Torino Dora). Time schedules and prices are available on the Airport website. The travel time ETF/airport by taxi is about 45 minutes.
How to go from/to railway station The ETF is not directly connected to the main railway station, Porta Nuova, by public transport. Piazza Crimea, downhill from the ETF, is connected by bus 52 to Corso Vittorio Emanuele II and Porta Nuova. By taxi, the travel time ETF/Porta Nuova is about 15 minutes.

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