The Islamic banking model is provided for under the Financial Institutions (Amendment) Act, 2016. The banking system is executed under the Sharia law which views as unethical practices like charging interest or speculation.
Last month, President Yoweri Museveni returned the Bill to Parliament with a request that particular provisions be reconsidered before he assents to it.
The President is mandated under Article 91 (3) of the Constitution to return a Bill in writing to the Speaker of Parliament for reconsideration.
Kadaga’s directive followed a presentation of a motion by the State Minister of Justice and Deputy Attorney General Jackson Kafuuzi seeking the approval of additional representation of the elderly in Parliament without necessarily first amending the Constitution.