Bank of Uganda (BOU) to regulate mortgage refinancing institutions
Bank of Uganda is set to regulate operations of mortgage refinancing institutions once the Mortgage Refinance Institutions Bill, 2025 is passed into law. The Bill mandates the Central Bank to consider applications for approval to carry out Islamic mortgage refinance business. “A person shall not conduct a mortgage refinance business in Uganda without a licence or an approval in the case of Islamic mortgage refinance business issued by the Central […]