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ISLAMIC FINANCE IN UGANDA: Transcending Religious Beliefs To Becoming A New Business Paradigm And The Evolving Legal Regime With the 2016 amending of the Financial Institution's Act (2004) to provide among others, for an alternative Islamic Financial System, Uganda has progressed to align the related regulatory and policy environments such as tax laws, to this growing alternative to conventional banking. Sophia.N.Kigozi, an Islamic Finance expert and Partner- Commercial Law, Projects and an Alternative Finance Practitioner at MESA Advocates, breaks down what Islamic Finance is, and the numerous alternative opportunities therein for Uganda and makes a case for accelerated implementation.

Sophia N. Kigozi, the author, is an advocate of the High Court of Uganda and Partner, Commercial Law and Projects as well as an Alternative Finance Practitioner at MESA Advocates.
by Sophia N. Kigozi

Many people are interested in the phenomenon of Islamic Finance, particularly in how it differs from conventional banking. Islamic Banking and financial systems exist to provide a variety of Sharia-compliant…

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About the Author

Sophia N. Kigozi is an advocate of the High Court of Uganda and Partner, Commercial Law and Projects as well as an Alternative Finance Practitioner at MESA Advocates.
MESA is a specialized full-service law firm, combining a well-established dispute resolution, business and trade law practice that helps its clients overcome legal complexities and build solutions.

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