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Ugandan President Museveni launches first-ever Islamic bank

Ugandan President Museveni launches first-ever Islamic bank

Ugandan President Yoweri Museveni has officially launched the country’s first-ever interest-free commercial Islamic bank. Salaam Bank Limited, a subsidiary of a Djibouti-based bank, is the first institution to offer Islamic financing in the country. Mr Museveni said the institution had a potential to significantly contribute to the development of the …

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