I, therefore, urge all stakeholders to clearly understand Islamic Banking and Finance model; appreciate its unique tenets that distinguish it from Conventional Banking and at the same time acknowledge the similarities between the two (2) models. This will significantly contribute to the effective rollout and growth of the Islamic Banking sector in Uganda.
On its part, Bank of Uganda will continue to collaborate with all stakeholders and ensure that the requisite Regulatory and Supervisory Structures for supporting the growth of Islamic Banking and Finance in this country are robust and conducive for all investors. With those remarks, I wish you fruitful deliberations. I thank you. 2  BIS central bankers’ speeches