Tag: Islam
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πΊπ¬ Salaam Bank launches Uganda’s first Islamic bank
A unit of Djibouti-based Salaam Group launched in Uganda on Wednesday as the country’s first Islamic banking-compliant financial institution, the Ugandan president’s office said. The launch of the Salaam Bank Limited’s operations follows a law legalising Islamic banking in the east African country last year. Islamic finance follows Islamic religious principles such as bans on…
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Libyan Islamic Bank sign deal with Backbase to enhance digital customer experience
Libyan Islamic Bank (LIB) has partnered with Backbase, a Dutch financial technology company that provides engagement banking for financial institutions, βto streamline its customer service operations and enhance its customersβ digital banking experience,β according to a statement by the Dutch company. The initiative to revamp LIBβs existing mobile app for retail customers and introduce new…
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