Analysing Muamalat features for a sustainable development of Islamic finance in Uganda: a systematic literature review

Kaweesa, Yusuf and Rosman, Romzie (2025) Analysing Muamalat features for a sustainable development of Islamic finance in Uganda: a systematic literature review. LABUAN E-JOURNAL OF MUAMALAT AND SOCIETY, 19 (1). pp. 36-48. ISSN 1985-482X E-ISSN 2672-7390

PDF - Published Version Restricted to Repository staff only Download (720kB) | Request a copy

Abstract

Islamic banking and finance have gained wide acceptance in different parts of the world with more than 76 jurisdictions already embracing the industry, with industry reaching USD3 trillion in 2022. Besides, lately, Islamic banking has been introduced in Uganda, and in 2023, the first fully-fledged bank was licensed by the Bank of Uganda. However, society needs to be exposed to the underlying principles guiding Islamic finance. This study uses a systematic literature review to analyse different muamalat principles that guide Islamic banking. This study identified the enhancement of financial and social inclusion in society, the collection and distribution of zakat and sadaqah, the establishment of qard hasan, the conservation of societal values and averting of harm, and the promotion of ethical values and exhibition of quality customer service as Muamalat principles that can aid in informing Ugandans about novel concepts that can clarify the operationalisation of Islamic banking.

Item Type:	Article (Journal)
Uncontrolled Keywords:	ISLAMIC FINANCE, SOCIAL, MUAMALAT, SUSTAINABLE DEVELOPMENT, UGANDA
Subjects:	H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	PROF. DR. ROMZIE ROSMAN
Date Deposited:	27 Aug 2025 09:09
Last Modified:	27 Aug 2025 09:09
URI:	http://irep.iium.edu.my/id/eprint/122961

Actions (login required)

View Item