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Islamic finance is not confined to Middle East or Muslim countries rather it has gripped its roots in European countries and America as well. And the determination and efforts to become financial hub of London is the distinct example of the promotion of Islamic Finance. There is no denying the fact that the organizations of Islamic Finance are rapidly growing in European countries and France is prominent amongst them. AlHuda Centre of Islamic Banking and Economics and Solutions d’Acce’s a I’Assurance et la Finance Islamiques (SAAFI) have signed an MoU in Paris - France that was signed by Mr. Muhammad Zubair CEO, AlHuda CIBE and Mr. Ezzedine Ghlamallah Director, SAAFI.