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A Memorandum of Understanding (MOU) has been signed between Al Huda Center of
Islamic Banking and Economics (CIBE) and Franco-American Alliance for Islamic Finance (FAAIF) to
cooperate in the development of Islamic banking and finance in France and the United States. Both
parties agreed to work together, leveraging their different areas of regional and professional expertise
of Islamic finance and synergizing their skills for the broader goal of promoting and developing Islamic
finance worldwide, especially in the Franco – American region.