Browsing by Author "Natukunda, Mastulah"
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- ItemElectronic banking and the law with the performance of commercial banks in Uganda(Kampala International University,School of Law, 2011-06) Natukunda, MastulahThe study of the electronic banking and the related laws in Uganda has had a profound impact on this research. The commercial banking environment in Uganda has constantly changed with time. Through the brick and mortar banking halls, commercial banks have invested heavily in the provision of varied services that encompass electronic services. The researcher thus carried out this research relying on both primary and secondary data to establish the relationship that exists between electronic banking and the performance of commercial banks under the available laws. Principally, it was noted through the respondents that were interviewed on the subject matter on the electronic banking and commercial banks performance and established that the commercial banks performance do improve drastically with the invention of new banking services that are geared at providing customers with desirable services. The reactions of the respondents in regard to the research topic are clearly spelt out under chapter four of this book and analyses the research questions advanced for the research. As such, the researcher has advanced a number of recommendations that should be put into regard to ensure that the dangers so created are minimized or done away with using the legislation. As such, the researcher concludes this report by giving areas of further research which are desirably important to the research topic and ought to be considered.
- ItemTowards Islamic banking in Uganda:(Kampala International University, School of Law, 2018-06) Natukunda, MastulahIslamic banking in Uganda derives its existence and power from the Financial Institutions (Amendment) Act 2016. The concept of Islamic banking is a new phenomenon in the banking system of Uganda's secular environment. CuJTently this concept is mainly regulated by the Financial Institutions (Amendment) Act 2016. This thesis analyzes the Islamic banking regulatory framework, prospects and the challenges which are likely to impede its operations. The thesis explains the fact that although Islamic financial institutions have to operate in accordance with Shari 'ah principles, this may be restricted by the Central Bank's regulations and policies especially the Financial Institutions (Islamic Banking)Regulations 2018 and other regulations. In conducting the study the researcher relied on qualitative methodology. Accordingly, data was collected using both primary and secondary source of information. The keyc findings show that the adoption of Islamic banking is likely to have some legislative challenges which cam1ot effectively serve the tJ.ue operation of Islamic banking. There are law~ and procedures that are likely to run counter to the principles oflslamic banks which if applied to them could cause undue unfairness to the Islamic banks and which would defeat the whole purpose of establishing Islamic banking in Uganda. The thesis recommends that to ensure a proper and supporting Islamic banking legal system in Uganda, amendments in existing laws, which are likely to be repugnant to Islamic banking, are required to promote Islamic banking law compliant products.
- ItemTowards Islamic banking in Uganda: an analysis of its regulation, prospects and challenges in a secular legal environment(Kamapala International University, 2018) Natukunda, MastulahIslamic banking in Uganda derives its existence and power from the Financial Institutions (Amendment) Act 2016. The concept of Islamic banking is a new phenomenon in the banking system of Uganda’s secular environment. Currently this concept is mainly regulated by the Financial Institutions (Amendment) Act 2016. This thesis analyzes the Islamic banking regulatory framework, prospects and the challenges which are likely to impede its operations. The thesis explains the fact that although Islamic financial institutions have to operate in accordance with Shari’ah principles, this may be restricted by the Central Bank’s regulations and policies especially the Financial Institutions (Islamic Banking) Regulations 2018 and other regulations. In conducting the study the researcher relied on qualitative methodology. Accordingly, data was collected using both primary and secondary source of information. The key findings show that the adoption of Islamic banking is likely to have some legislative challenges which cannot effectively serve the true operation of Islamic banking. There are laws and procedures that are likely to run counter to the principles of Islamic banks which if applied to them could cause undue unfairness to the Islamic banks and which would defeat the whole purpose of establishing Islamic banking in Uganda. The thesis recommends that to ensure a proper and supporting Islamic banking legal system in Uganda, amendments in existing laws, which are likely to be repugnant to Islamic banking, are required to promote Islamic banking law compliant products.