The bridge between agency banking and Islamic banking could revolutionize the way banking services are delivered and consumed in Uganda. When Islamic banking was introduced in Uganda, it generated a mix of skepticism and excitement. Rooted in Shari’ah principles that emphasize ethical and accessible financial solutions, the concept intrigued both Muslim and non-Muslim communities. However, despite the amendment of the Financial Institutions Act in 2016 to accommodate Islamic banking and the subsequent establishment of Shari’ah-compliant financial institutions, the sector’s growth has remained sluggish. This slow expansion persists despite the availability of competitive product offerings tailored to Uganda’s diverse financial landscape….
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