Islamic finance is rapidly evolving, thanks to cutting-edge technology that makes simplifies financial services and promotes inclusivity. Leveraging on these technological advancements, Labuan International Business and Financial Centre (Labuan IBFC) has conceptualised the Islamic Digital Asset Centre (IDAC). This center is designed with businesses and investors in mind, especially those seeking to utilise digital finance while following Islamic principles. IDAC provides a strong and clear set of rules to ensure digital financial activities remain Shariah-compliant and secure.

2024 Recap

The future of finance: A blockchain-based capital market in Labuan IBFC

Featured Article June 2024

Confidence and credibility are essential for business success. Ratings by a credible provider play a crucial role in supporting these aspirations by offering an impartial evaluation of a firm’s financial health, management capabilities and overall performance.

The accompanying article was published by Japan-based Hoken Mainichi Shinbu on 20 December 2023. The article features an interview between the newspaper and Datuk Iskandar Mohd Nuli, Executive Chairman cum CEO of Labuan IBFC Inc. Sdn Bhd. during his trip to Japan in October 2023.

2023 HIGHLIGHTS

Importance of Wealth Planning

The global push to implement radical changes to the international tax system has impacted Malaysia’s tax landscape, including its long-standing foreign source income exemption (FSIE) regime.

In an evolving regulatory landscape, money laundering and terrorism financing (TF) pose growing threats to the credibility of international financial systems. To mitigate risk and vulnerabilities, Labuan International Business and Financial Centre (Labuan IBFC) is reinforcing existing measures and introducing new measures to effectively combat these threats.