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.

Via Nino Costa, 8 – TORINO
OCTOBER 28 – 29, 2019

Viale Settimio Severo 63 – 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.

Upcoming Events


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

Alberto Brugnoni – Managing Partner, ASSAIF


Fadi KattanDean, School of Business and Administration, Bethlehem University

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

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

Wisam Salsaa – Walled Off Hotel Gallery, Bethlehem

14:15 - 15:00  Refreshments


Dario Gallina – President, Union of Industrialists Torino


Paola Pisano – Italian Minister of Innovation
The Smart City Project and the “Casa delle tecnologie emergenti/Emerging Technology House”: Using the “Città di Torino” Assets as a Living Lab

Daniele Russolillo – Planet Holding Limited, London-Turin
Building smart affordable neighbourhoods

Pietro Perlo – President, Torino E-District
Electric Car in Torino


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


Moosa Khoory – Director,  Shariah Department, Dubai Islamic Bank TBC

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

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

Massimo Lapucci – Secretary General, Fondazione CRT - Torino; Managing Director, OGR Company; Chair, European Foundation Centre Brussels

Piero Poccianti – President, Italian Association of Artificial Intelligence


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


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

TBD – ……………………………….
The Blockchain in Italy: a Fundamental Tool for the SME Development

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

Chiara Appendino – Mayor, City of Torino

Vincenzo Ilotte – President, Torino Chamber of Commerce

Stefano Geuna – Rector, University of Torino



Antonino Iaria – Deputy Mayor  for City Planning, City of Torino (TBC)

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


TBD - …….

Haney Abas Helmy – Head of Sharia Review, Dubai Islamic Bank TBC

13:15 - 14:00  Refreshments


Saeed Al-Mheiri – Project Manager -  Strategy &  Planning, DIEDC/ Dubai Islamic Economy Development Centre


Tomas Gurrero – Manager, Halal Trade and Marketing Centre, Dubai

Arwa Al-Qasim – Senior Project Manager, Islamic Creative Economy, Dubai Culture Authority

Franka Soeria CEO, Think Fashion, Jakarta - Dubai

Haney Abas Helmy – Head of Sharia Review, Dubai Islamic Bank (TBC)

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

Andrea Martra – Hotel Liberty in Turin

11:00 - 11:30  Coffee break


Alberto Brugnoni – Managing Partner, ASSAIF


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

Project MENTOR

Marco De Giorgi – Italian Ministry of Public Administration - Dipartimento della Funzione Pubblica

The Social Innovation 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

Houssam Chahine – United Nations High Commissioner for Refugees, Dubai

The Refugee Zakat and Sadaqa Jariyya Fund

13:00 - 14:00

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

11:30 - 12:30

Academic papers presentations

12:30 - 13:30  Lunch break

10:00 - 11:00

Academic papers presentations

11:00 - 11:30  Coffee break

9:15 - 10:00

Haney Abas Helmy – Head of Sharia Review, Dubai Islamic Bank
How to structure a Sukuk

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

Knowledge partner

Thomson Reuters

Media Partner

La Finanza Islamica

Supported by

Fondazione CRT

Sponsored by

IrenBoscaCavoureseQuercusTurkish Airlines

Venue & Info

0039 01101124291