How ready is our economy for the Islamic banking?
Islamic banking
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Deputy governor says Islamic banking will promote financial inclusion and expand product range
Salaam Bank, which already has operations in Kenya, Somalia, Djibouti, has 12 months to start offering Islamic Banking products
Salaam Bank Ltd was granted Uganda’s first Islamic banking licence, weeks after the president assented to the final piece of legislation paving way for the banking method
KAMPALA: Uganda’s central bank has issued its first Islamic banking licence since the country passed legislation to accommodate syariah-compliant finance activities in June.The licence went to Salaam Bank Ltd, a unit of Djibouti-based Salaam African Bank, the Bank of Uganda said in a statement.