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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
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.
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.
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
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.