Islamic Finance
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Islamic banking brings hope to Luweero’s economy
By Jamil Ssekajja The call to Ugandans to embrace Islamic banking is gaining momentum, with more areas welcoming the sharia-based…
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MSC’s Islamic microfinance initiative spreads wings to Tororo
By Jamil Ssekajja A transformative shift in financial access has been set in motion with the launch of the Islamic…
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House of Zakat secures IDB funding for Islamic social finance
The Islamic Development Bank (IsDB) has announced a $120,000 (Shs 446.4 million) grant to House of Zakat and Waqf Uganda…
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Museveni wrong on Riba in PDM, says Dr Twaha Kasule
A senior Muslim scholar has dismissed President Yoweri Museveni’s guidance on Riba in the administration of the Parish Development Model…
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Understanding Islamic Finance
By Mariam Nalunkuuma Uganda’s desire to adopt Islamic Banking and Finance dates way back to the 1990s. Progressively, in 2016,…
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Prohibition of Riba in Financial Transactions is Key in Islamic Finance
“And for their charging Ribā (usury or interest) while they were forbidden from it, and fortheir devouring of the properties…
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Shs 62 Million Realised as Ummah House Project Resurrects
More than Shs 62 million was raised last weekend as Muslims under the Jamuiyyat Tabliq Da-awah As-Salafiya (JDS)re-launched a drive…
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