Islamic finance
Shelter Afrique secures technical assistance grant from IsDBI to develop affordable Islamic housing products
Shelter Afrique sees the development of Islamic finance products as a viable alternative financing model to effectively address Africa’s housing and urban development challenges
BoU grants Salaam Bank first Islamic finance licence
Salaam Bank Ltd was granted Uganda's first Islamic banking licence, weeks after the president assented to the final piece of legislation paving way for the banking method
No bank has applied for Islamic banking licence – BoU
No bank has formally applied for an Islamic banking licence even though there have been expressions of interest in the model from both local and international institutions, according to the deputy governor of the Bank of Uganda, Louis Kasekende