15.04.2013 - Uganda to change law, allow Sharia banking
Uganda is amending a law that will usher in Islamic banking, allowing banks to sell Sharia-compliant financial products in the country. The country is a member of the Organisation of Islamic Cooperation (IOC), but it its domestic legislation does not allow for the establishment of Islamic banking and finance. The Ministry of Finance has been blamed for delaying the enactment of amendments to the Financial Institutions Act of 2004 which would provide for Islamic banking and finance...............................................Full Article: Source
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