According to this memorandum of understanding, two bodies are going to expand their scope of activities as follows:

(i) Holding joint international events on Islamic finance,

(ii) Collaboration on holding Islamic DBA and MBA courses,

(iii) Exchange of students and professors in diverse courses,

(iv) Issuing joint publication of papers, journals, and books on Islamic finance,

The European Academy for Islamic Finance and Economics is an institution that provides education, consultancy, research and arbitration services in the field of Islamic finance and economics and is registered in England.

The Academy is committed to providing educational, consulting, research and arbitration services and certifying professional certificates in the field of Islamic finance and economics in accordance with international standards.

EAIFE has a network of representatives in many Islamic countries, especially Morocco, Algeria, Tunisia, Libya, Kuwait, Jordan and Lebanon.

Earlier, the European Academy for Islamic Finance and Economics signed a memorandum of understanding with Istanbul Sabahattin Zaim University in Turkey and Al-Jinan University in Lebanon.