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Law Society raises concerns over Islamic Banking

Cephas Birungi, a Partner and Team Leader at Birungi, Barata & Associates, Photo via @ug_lawsociety

Kampala, Uganda | THE INDEPENDENT | The Uganda Law Society called for careful consideration and further deliberation before enacting laws related to Islamic Banking in Uganda.

Expressing concerns over potential ramifications, society emphasised the importance of addressing various legal and practical challenges associated with the proposed legislation.

During an appearance before Parliament’s Committee on Finance, Planning and Economic Development, Cephas Birungi, a Partner and Team Leader at Birungi, Barata & Associates and a representative of the Uganda Law Society, underscored the need for a cautious approach to implementing Islamic Banking.

Birungi, who appeared before the committee on Monday, 26 June 2023, highlighted potential risks and the necessity for comprehensive understanding and preparation before introducing new tax bills.

“I have an understanding that the staff of Uganda Revenue Authority (URA) have not been trained in Sharia Law and Sharia law taxation, and players like us who practice tax have not had time with this. Remember the portals of URA for Electronic tax are set in certain terms, so it means you are going to change that software to conform to those provisions,” Birungi said.

He expressed his belief that implementing the legislation without proper software development would be premature and pose implementation challenges.

One comment

  1. Dear Counsel Mr Biringi sir,

    Please allow me to say thank you very much for your kindness concern and a pure heart of Understanding. You actually defending the whole nation of Uganda 🇺🇬 from falling into a pit dungeon of the Islamic laws.

    We the Ugandans in the diaspora do not support the idea of introducing a sharia law as if Uganda 🇺🇬 is an Islamic state. God forbid.

    If the Muslims in Uganda are trying to lure our God given country into accepting this deadly and terrorists characterised laws by convincing the legislators to pass such a wicked bill, then Uganda is going to be in constant trouble by this. How do you expect to make peace with the wicked in the first place?

    Please stand with us and kindly defend our God given country sir. We are constantly following your speeches and advice that you are giving the Parliament of Uganda 🇺🇬.

    Thank you very much for your standing and may the Lord bless you and keep strong until the end of all things…

    FOR GOD AND MY COUNTRY UGANDA 🇺🇬

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