This document discusses the growth of Islamic finance in Italy. It outlines some key milestones, including the first conference on Islamic banking in Italy in 1994. In recent years, several Italian banks have opened services dedicated to migrants with materials in Arabic. The document also discusses the potential market opportunities in Italy, including from migrant real estate demand and foreign Shariah-compliant investments. It describes ASSAIF, a non-profit organization in Milan working to develop Shariah-compliant financing products for the Italian market, such as murabaha and ijara wa iqtina' home financing deals.