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Islamic Offshore (Labuan)

Posted on 12th July 2011 by Camille Paldi,

An Example For the World

 

In November 1989, the Malaysian government announced that the Federal Territory of Labuan would be given the status of an International Offshore Financial Center.  (IOFC)  Consequently, Labuan Offshore Financial Service Authority (LOFSA) was established on February 15, 1996 under the Labuan Offshore Financial Services Authority Act 1996.  LOFSA initiated its operations in March of 1996 and is the single regulatory authority of the financial services sector in Labuan.

 

*[Information based on ‘Law and Practice of Islamic Banking and Finance by Dr. Nik Norzrul Thani; Mohamed Ridza Mohamed Abdullah; and Megat Hizaini Hassan]

Labuan Offshore Regulations

http://www.lowtax.net/lowtax/html/jlbolaw.html

http://www.isla-offshore.com/going-offshore/labuan-offshore-financial-centre/

Types of Labuan Companies

http://www.lawandtax-news.com/html/labuan/jlblatcos.html

Links About Labuan Offshore

http://www.isla-offshore.com/going-offshore/labuan-offshore-financial-centre/

http://www.deepdyve.com/lp/emerald-publishing/offshore-bankers-perception-on-islamic-banking-niche-for-labuan-an-zbARBiRjzq

http://www.offshorebankingtoday.com/offshore-banking-labuan-three-tier-banking-system-islamic-banks/

http://www.labuanibfc.my/cms/

Informational Link about Labuan

http://en.wikipedia.org/wiki/Labuan

IMF Report on Regulation of Labuan Financial Sector

http://www.imf.org/external/pubs/ft/scr/2004/cr04391.pdf


Posted on 12th July 2011 by Camille Paldi


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