Published 1 month ago

Uganda introduces interest-free Islamic banking - Daily Trust

Summary by Ground News

Ugandan President Yoweri Museveni on Wednesday officially launched national operations of the country's first interest-free commercial Islamic bank. In September last year, the Bank of Uganda granted its first Islamic banking license to Salaam Bank Uganda, a subsidiary of a Djibouti-based bank.

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Horn Diplomat

Uganda launches first-ever interest-free Islamic banking

By: Anadolu Agency Ugandan President Yoweri Museveni on Wednesday officially launched national operations of the country’s first interest-free commercial Islamic bank, allowing it to operate following Islamic principles. President Museveni said at the launch ceremony for the Salaam Bank in the capital Kampala that Islamic banking has the potential to significantly contribute to the development […] The post Uganda launches first-ever interest-fre…

1 month ago·Kenya

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Daily Trust

Uganda introduces interest-free Islamic banking - Daily Trust

Ugandan President Yoweri Museveni on Wednesday officially launched national operations of the country’s first interest-free commercial Islamic bank, allowing it to operate following Islamic principles. Museveni said at the launch ceremony for the Salaam Bank in the capital Kampala that Islamic banking has the potential to significantly contribute to the development of Uganda’s financial sector and attract more Muslims to invest in the country’s …

1 month ago

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xavieradioug.com

President Museveni Launches Uganda's First Ever Islamic Banking Institution – Plus News

President Yoweri Kaguta Museveni on Wednesday officiated the launch of Salaam Bank, Uganda’s pioneering Islamic banking institution, emphasizing its significance in the country’s financial landscape. Islamic banking, grounded in Islamic principles, prohibits the payment and receipt of interest, instead focusing on profit-sharing and Sharia-compliant investment tools to generate returns. The inauguration took place during Ramathan dua pra…

1 month ago

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Uganda introduces interest-free Islamic banking - Daily Trust

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Uganda launches first-ever interest-free Islamic banking

Uganda launches first-ever interest-free Islamic banking

Uganda introduces interest-free Islamic banking - Daily Trust

Uganda introduces interest-free Islamic banking - Daily Trust

President Museveni Launches Uganda's First Ever Islamic Banking Institution – Plus News

President Museveni Launches Uganda's First Ever Islamic Banking Institution – Plus News

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