Provision text match · Uganda · en
Financial Institutions Act
Chapter 57
Licensing - Prohibitions against use of word “bank” or its derivatives
ives. A financial institution that is entitled under this Act to call itself a bank may describe its Islamic financing business as “Islamic banking business” and, if it is an Islamic financial institution , may describe itself as an “ Islamic bank ”. Any person who contravenes subsection (1) or (3) , commits an offence and is liable, on conviction, to a fine
Topics: financial institutions