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.