, profitable, and in good shape. our supervision staff are well trained and adequately equipped to carry out the bou mandate to foster a sound financial system. the second issue relates to the licensing of islamic banks in uganda. the bank of uganda has received some inquiries for opening islamic banks or banks which offer islamic banking products. as you are aware the licensing and regulation of financial institutions in uganda is governed by the financial institutions act ( fia ) 2004. some of the provisions of the fia 2004 are not compatible with the islamic banking model, a matter which is currently under review. bank of uganda is in the process of amending the relevant provisions of the fia act with a view to accommodating islamic banking, or enabling existing banks to offer islamic banking products. the bank of uganda has also received technical assistance from the islamic development bank ( idb ) to train the bank supervision staff for full understanding of islamic banking and finance so that they are in position to effectively regulate these institutions once they are established and licensed to operate in uganda. i am therefore confident that, as soon as the law is amended, we should be having an islamic bank or banks offering islamic products in the not too distant future. let me conclude by wishing you once again happy celebrations. may almighty god bless you all eid mubarak, eid mubarak, eid mubarak.

just the personal qualities of a leader to understand what leadership is all about. scholars broadly agree that some major variables involved in leadership include : ( a ) the characteristics of the leader ; ( b ) the attitudes, needs and other personal attributes of the followers ; ( c ) characteristics of the organization or the movement, as the case may be, such as its purpose, its structure as also the nature of the tasks to be performed ; and ( d ) the social, economic and political milieu. this basically signifies that though the leader may, indeed, be at the heart of the leadership discourse, it is, in the ultimate analysis, a complex relationship among the aforesaid variables. since by definition each leader is unique, what he or she learns from the interplay of these variables and how he or she uses it to shape the future is unique to him or her too. throughout our lives, each of us makes thousands of decisions or judgment calls. some are trivial like what vegetables you will be buying. some are monumental like whom to marry or what career to pursue. how many of these decisions that we make turn out to be good ones? more importantly, did we make good decisions on things that really mattered? our ability to exercise good judgment determines the quality of our individual lives. and, as we rise to positions of leadership, the importance and consequences of our judgment calls are bis central bankers ’ speeches magnified exponentially by their increasing impact on the lives of others. the cumulative effect of leaders ’ judgment calls determines the success or failure of their organizations. for many organizations, investment in leadership and leadership development remains a leap of faith, informed through gut instinct and the current rhetoric on the value and significance of leadership in organizations. few organizations articulate a clear “ theory of action ” that argues why and how particular leadership development and performance management activities will enhance leadership capacity, at individual, team and organizational levels, and, in turn, how this contributes towards organizational performance, however defined. scholars have often suggested that the effectiveness of leadership development is determined more by “ how you do it ” rather than “ what you do ”. thus, when faced with a proliferation of leadership development tools and initiatives, the effective organization reflects on the purpose, principles and assumptions involved and how they relate to current and future organizational needs and performance – opting for an integrated and holistic approach, comprising a “ bundle ” of complementary practices, rather than a suite of poorly connected initiatives in today ’ s times, the significance