Bank of Uganda (BoU) has authorized Salaam Bank to start offering Islamic Banking services in Uganda. Mr. Michael Atingi-Ego, the Deputy Governor, Bank of Uganda on Friday handed over the first operational certificate to the administrator of Salaam Bank, launching Islamic Banking in the country. Speaking at the ceremony, Atingi-Ego […]
A section of Members of Parliament on Tuesday protested the proposal by Bank of Uganda to reverse the requirement of establishing the Shari’ah Advisory Council to operationalise Islamic banking in Uganda after Central Bank officials said there are no Muslims in the country with experience and knowledge to sit on […]
Parliament is this afternoon expected to pass amendments to the Tax Amendment Bill, 2023 to pave the way for the introduction of Islamic Banking in Uganda. According to the Order Paper, this is among the matters that are top on the list of today’s business. If passed into law, Uganda […]
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