Published 1 month ago

President Museveni Launches Salaam Bank, Endorses Islamic Banking Principles

Summary by Ground News

President Museveni launched Salaam Bank's national operations in Uganda, endorsing Islamic banking principles. Islamic banking emphasizes profit-sharing and transparency, aiming to integrate more Muslims into the formal economy. The bank, a subsidiary of a Djibouti-based institution, received its license last year.

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President Museveni Launches Salaam Bank, Endorses Islamic Banking Principles

Summary: President Museveni launched Salaam Bank’s national operations in Uganda, endorsing Islamic banking principles. The bank, a subsidiary of a Djibouti-based institution, received its license last year. Islamic banking emphasizes profit-sharing and transparency, aiming to integrate more Muslims into the formal economy. President Museveni launches the national operations of Salaam Bank in Uganda, marking a …

1 month ago·Uganda

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President Museveni Launches Salaam Bank, Endorses Islamic Banking Principles

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President Museveni Launches Salaam Bank, Endorses Islamic Banking Principles

President Museveni Launches Salaam Bank, Endorses Islamic Banking Principles

Coverage Details

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