HomeNewsNtagali urges president to veto Islamic banking bill

Ntagali urges president to veto Islamic banking bill

Published on

Please Help Anglican.Ink with a donation.

“Islamic banking will be run on Sharia law which is hinged on unique legal principles which are in many ways contrary to Uganda’s constitution.”

The Archbishop of Uganda has presented a petition from the country’s Christian leaders to President Yoweri Museveni urging him to veto a bill passed by Parliament authorizing Islamic banking in the East African nation. In letter dated 14 Jan  2016, the church leaders, led by Archbishop Stanley Ntagali, who also serves as president of the Uganda Joint Christian Council warned that giving Shariah law a legal foothold through amendments to the Financial Institutions Bill 2015 was the thin end of the wedge and would have “far-reaching implications beyond the suggested purpose of finance.” Parliament adopted the bill on 6 Jan 2016 permitting Islamic banking, and it is currently awaiting the president’s signature to become law. However, Christian leaders said they viewed the “passing of this bill as one of the most serious threats to national security and stability with potential threats to future generations as well.” They wrote: “”We regret to note that the introduction of Sharia law in the country opens door to the ultimate operationalisation of fully-fledged Sharia not only in the finance sector as contained in the bill but in all aspects of our national life,” and would create “two parallel financial and economic systems for the population of Uganda; for the Muslims, in conformance to the Sharia law, and the non-Muslims. This will promote economic discrimination, and will widen the already-existing income inequalities in the population.” They further stated: “Since in this bill the central Bank seeks to establish a separate regulatory body to oversee Islamic banking, there will be a serious challenge to harmonize this kind of banking with the traditional banking system. This is because Islamic banking will be run on Sharia law which is hinged on unique legal principles which are in many ways contrary to Uganda’s constitution.”

 

Latest articles

Acting ACNA primate files defamation lawsuit against Derek Jones

Acting Anglican Church in North America primate the Rt. Rev. Julian Dobbs has filed...

Gafcon G26: Bishop Chemengich declares Anglican reordering now underway

GAFCON has seized the Anglican Communion's helm and will steer the future course of...

Diocese of Pittsburgh suspends Dean Aidan Smith after retail theft arrest

The Episcopal Diocese of Pittsburgh has formally suspended the Very Rev. Aidan Smith, Dean...

Former executive of Episcopal Clergy Assurance Fund pleads guilty to $1.6 million fraud

John A. Miller, the former executive director and treasurer of the Philadelphia-based Clergy Assurance...

Publication of independent decision by the President of Tribunals on a complaint brought under the Clergy Discipline Measure against Archbishop Sarah

The President of Tribunals has dismissed a complaint against the Archbishop of Canterbury, the...

More like this

Acting ACNA primate files defamation lawsuit against Derek Jones

Acting Anglican Church in North America primate the Rt. Rev. Julian Dobbs has filed...

Gafcon G26: Bishop Chemengich declares Anglican reordering now underway

GAFCON has seized the Anglican Communion's helm and will steer the future course of...

Diocese of Pittsburgh suspends Dean Aidan Smith after retail theft arrest

The Episcopal Diocese of Pittsburgh has formally suspended the Very Rev. Aidan Smith, Dean...