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TodayThursday, May 07, 2026

Islamic Finance

Permanent Secretary / Secretary to the Treasury Ministry of Finance, Planning and Economic Development Ramathan Ggoobi (5th right), flanked by BoU Deputy Governor Michael Atingi-Ego (4th right) hands over the Islamic Banking license to the Salaam Bank executives led by the Chairman Board of Directors Mr. Mohamed Ahmed Ali (4th left) and Michael Mande, the Chief Executive Officer 93rd left).

Salaam Bank (formerly Top Finance Bank) gets Uganda’s first Islamic Banking license

Salaam Bank, formerly Top Finance Bank, has become the first financial institution in Uganda to be granted a license by the Bank of Uganda to offer Islamic Banking services. This followed the
September 11, 2023
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Sophia N. Kigozi, the author, is an advocate of the High Court of Uganda and Partner, Commercial Law and Projects as well as an Alternative Finance Practitioner at MESA Advocates.

ISLAMIC FINANCE IN UGANDA: Transcending Religious Beliefs To Becoming A New Business Paradigm And The Evolving Legal Regime

Many people are interested in the phenomenon of Islamic Finance, particularly in how it differs from conventional banking. Islamic Banking and financial systems exist to provide a variety of Sharia-compliant financial services
June 23, 2023
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