The Independent Uganda: You get the Truth we Pay the Price
Kampala, Uganda | THE INDEPENDENT | Three entities have applied to Bank of Uganda-BoU seeking to offer Islamic Banking services, according to the Deputy Governor, Dr. Louis Kasekende.
He disclosed this during the BoU Town council hall meeting at Brovad Hotel in Masaka this morning.
Dr. Kasekende explained that one of the applicants currently offers traditional banking services in Uganda and seeks to open an Islamic finance window while the other two are foreign entities.
He also disclosed that BoU is finalising consultations with various stakeholders to establish the Shariáh Advisory Council that shall oversee regulation and supervision of the Islamic banking segment.
“As part of the Bank of Uganda’s effort to increase public awareness of the Islamic banking model, I have asked one of my staff to prepare a presentation for you that details the key features of the Islamic banking model, which business activities are permissible or not under Islamic banking, and what will be required of you as customers, the financial institutions that seek to offer this service, and the Bank of Uganda as a regulator,” he said. The Islamic banking model is provided for under the Financial Institutions (Amendment) Act, 2016.
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Which banks joined the Islamic banking Sofer, because we want to use it.
Thank you very much for updating us on every issue concerning The BANK OF UGANDA we do appreciate.
thank you so much for that offer opportunity and i would like to be me of the beneficires
where is this bank located in Uganda how to excess the service
many people are no media’s giving there number saying there giving out loan the logic in they ask shares of 50000ugx per 1million so save Ugandan give genuine information about this
am the victim o my God
thanks very much, i need to be updated on this type of banking, when it is starting and how i can open an account in it. this is something we have been waiting for
HAVE ISLAMIC BANK STARTED?
WHEN WILL TROPICAL BANK ITS DOORS TO THE PUBLIC
List of institution permitted
Aren’t these guys thugs as they do not disclose their locations!