Uganda, March 27 -- Authorities at Ecobank Uganda say they are considering to start offering the product this year.

President Museveni is due to officially launch Islamic banking in Uganda on Wednesday.

Speaking to Monitor at the sidelines of their premier banking services in Kampala on March 26, the head of consumer banking at Ecobank Uganda, Timothy Kiyimba, said Islamic banking is part of their 2024 plans.

"Islamic banking is a very good proposition. Ecobank Uganda will also be considering a Sharia compliant window since we are a pan-African bank in 35 states on the continent where a good number are Franco-fone states offering a Sharia window," he said.

This banking model is currently offered by only Salaam Bank Ltd, a subsidiary o...