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After a 20-year wait, Uganda has finally licensed its first Islamic Bank

After more than 20 years of waiting, the Bank of Uganda has granted a license to the first financial institution engaged in Islamic banking. | Pulse Ghana

Michael atingiRamathan ggoobiSalaam bankCentral shariah advisory councilUganda deputy governor michael atingi egoImplementing islamicIslamic bankingCentral shari ah advisoryPermanent secretaryFinance ministryFinancial institutions actCentral shari ah advisory council

BoU licenses first Islamic Banking financial institution

Salaam Bank, which already has operations in Kenya, Somalia, Djibouti, has 12 months to start offering Islamic Banking products

Michael atingiRamathan ggoobiMinistry permanentSalaam bankCentral shariah advisory councilIslamic bankingUganda deputy governor michael atingi egoCentral shari ah advisoryMinistry permanent secretary ramathan ggoobiFinancial institutionsCentral shari ah advisory councilIncome taxValue added taxStamp dutyExcise dutyIslamise ugandans

BoU licenses first Islamic Banking financial institution

Salaam Bank, which already has operations in Kenya, Somalia, Djibouti, has 12 months to start offering Islamic Banking products

Central shariah advisory councilIncome taxValue added taxStamp dutyExcise dutyCentral shari ah advisory councilIslamic bankingIslamise ugandansFinance ministry permanent secretaryRamathan ggoobiIslamic bankingSalaam bank

BOU opposes creation of central Sharia Advisory Council

Parliament has passed 4 of the 6 tax amendment bills geared at operationalizing Islamic banking once assented to by the president. The August House plans to approve the remaining income tax.

Central shariah advisory councilForeign exchange onAugust houseForeign exchangeCentral shari ah advisory councilFinancial institutions

BOU opposes creation of central Sharia Advisory Council

Parliament has passed 4 of the 6 tax amendment bills geared at operationalizing Islamic banking once assented to by the president. The August House plans to approve the remaining income tax.

Central shariah advisory councilForeign exchange onAugust houseForeign exchangeCentral shari ah advisory councilFinancial institutions

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