Towards Islamic banking in Uganda:

dc.contributor.authorNatukunda, Mastulah
dc.date.accessioned2020-07-21T10:41:11Z
dc.date.available2020-07-21T10:41:11Z
dc.date.issued2018-06
dc.descriptionThesis Submitted to the College of Higher Degrees and Research In Partial Fulfillment of the Requirement for Award of the Degree of Master of Laws (Commercial Law) of Kampala International University Kampala, Ugandaen_US
dc.description.abstractIslamic 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.en_US
dc.identifier.urihttp://hdl.handle.net/20.500.12306/9836
dc.language.isoenen_US
dc.publisherKampala International University, School of Lawen_US
dc.subjectCommercial Lawen_US
dc.subjectIslamic bankingen_US
dc.subjectSecular legal environmenten_US
dc.subjectUgandaen_US
dc.titleTowards Islamic banking in Uganda:en_US
dc.title.alternativean analysis of its regulation, prospects and challenges in a secular legal environmenten_US
dc.typeThesisen_US
Files
Original bundle
Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
img-0060.pdf
Size:
6.08 MB
Format:
Adobe Portable Document Format
Description:
Full Text
License bundle
Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description: