×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

President Museveni launches Uganda's first Islamic bank

Vocalize Pre-Player Loader

Audio By Vocalize

President Yoweri Museveni launched Salaam bank during Ramadhan dua prayers, saying Uganda does not discriminate banks or any other commercial enterprises on account of religion. [Courtesy]

Demand for Islamic banking is fast rising in East Africa buoyed by the increase in the region's Muslim population.

But Islamic banking is not only for Muslims alone but also for non-Muslims eager to take advantage of interest-free banking services.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Sports
Evans will need luck as he seeks to defend Safari Rally title
Sports
Champions show who is the boss, remain in race to shine at regionals
Sports
Thank you and goodbye, coach Firat
By Mike Kihaki 11 hrs ago
Football
Floods sweep away newly commissioned Kinyago Sports Ground in Nairobi