Uganda passes Islamic banking law

Parliament removes provision for sharia advisory council at the Bank of Uganda

view-of-kampala-uganda
kousek_cz

The Ugandan parliament passed legislation on June 27 to authorise Islamic banking in the country. The law now goes to the president for assent.

The parliament also passed legislation amending tax laws to accommodate Islamic finance activities.

The speaker of parliament, Anita Among, said MPs, including herself, had faced pressure not to pass the legislation, and called it a “gift” for the Islamic holiday of Eid al-Adha. The grand mufti of Uganda, Shaban Ramadan Mubajje, hailed the passage of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.