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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Shariah law banking could come to Uganda

Posted on 01 September 2011

Uganda’s Central Bank authorized Islamic banking just months ago. The Islamic banking sector is attracting many foreign suitors with firms from Kenya, South Africa and Abu Dhabi all planning on setting up shop in the country, according to the Islamic Globe.

Global Trust of Nigeria could be using Uganda as a testing ground for its Shariah Law-compliant products and services. In Nigeria, there are still a number of social and religious bars to the implementation of Islamic banking, despite the Nigerian Central Bank giving the green light for the sector and authorizing the first Islamic bank in June………………………………………Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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