President Yoweri Museveni has officially launched the national operations of Salaam Bank in Uganda. This is as he joined the Muslim fraternity for Duwa Prayers at Kololo Independence Grounds on Wednesday, March 27. Salaam Bank Uganda, a subsidiary of a Djibouti-based bank, received the licence at the central bank late on September 8, 2023, after the Ugandan Parliament passed legislation to authorise Islamic banking, which President Yoweri Museveni signed into law in August 2034. The legislation removed the requirement to establish a “central sharia advisory council”, which the Bank of Uganda had opposed. “I welcome you Salaam Bank to Uganda….
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
