Businesses in Uganda take up sharia loans

Interest-free loans from Islamic banks are now on offer for companies in Uganda. FOTOSEARCH

Microfinance Support Centre Ltd (MSC), a Uganda government owned institution, is disbursing funds to interested saccos or businesses under Islamic microfinance.

So far, the institution has Ush3.3 billion ($910,781) from Islamic Development Bank to be disbursed, and more funds are expected from the Bank of Sudan.