| From Thenationonlineng.net: Uganda has received applications from three Islamic banks in the Middle East to offer Shariah-compliant financial services in the country. "The Middle East investors can start operations either by acquiring a local bank or setting up a new Islamic bank in the country," Grace Stuart Ndyareeba, deputy director of commercial banking at Bank of Uganda, said in an interview in Jakarta, declining to name the banks.
The African nation is changing its banking rules to allow lenders to operate under Islamic law and representatives from its central bank are in Jakarta to learn from Indonesia’s experience..............................................Full Article: Source
|