Islamic Finance specialist teams up with Italian firm
Studio Associate Dagradi and Soleto of Milan has concluded an agreement with Erremme Business Advisors to provide a legal and fiscal framework of Islamic Finance assistance in Italy.
Erremme Business Advisors specialise in Islamic finance based in Malta and work in various Gulf countries.
The agreement brings together many years of experience in the field, including that of Erremme Business Advisors' managing director Reuben Buttigieg, Mara Dagradi in the legal field and Robert Geraci on the fiscal side to enable interested parties to take advantage of Shariah-compliant instruments.
Islamic finance in Italy is not as widespread as in other countries because of the lack of incentives in the legislation.
A combination of expertise has allowed the design of instruments that mitigate the effect of the non-Shariah friendly legislation, Mr Buttigieg said.