There is, nevertheless, a concern that the forthcoming implementation of Basel III, which has more stringent capital and liquidity requirements for the banks, might further push the banks to shift part of their activities outside of the regulated environment and therefore increase shadow banking activities. Size of shadow banks 6. One cannot precisely gauge the size of shadow banking as the activities lack transparency.
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.