×
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
Athletics
Faith Kipyegon nominated for 2026 Laureus World Sportswoman of the Year Award
Sports
School Games: Kisumu Day, Nyabondo eye hockey and rugby titles
Sports
Strathmore Blades in perfect start in league title battle
Sports
Braeburn rule the roost at NCSA Level Three gala