Salaam Bank Ltd, a subsidiary of Djibouti-based Salaam Group, was the first bank to receive an Islamic Banking licence from the Bank of Uganda (BOU) in September last year and started offering.
Salaam Bank Ltd, a subsidiary of Djibouti-based Salaam Group, was the first bank to receive an Islamic Banking licence from the Bank of Uganda (BOU) in September last year and started offering.
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.
(Bloomberg) Uganda’s central bank has issued its first Islamic banking license since the country passed legislation to accommodate Shariah-compliant finance activities in June.Most Read from BloombergEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsBoss of Failed Crypto Exchange Gets 11,000-Year SentenceCalifornia Shows an Electric-Car Uprising Headed for the USUS Probes Made-in-China Chip as Tensions Flare Over TechnologyEx-Google CEO Eric Schmidt Scraps $67.6 Million P