President Museveni launches Uganda's first Islamic bank

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.