Labuan International Offshore Financial Center (Labuan IOFC): performance, challenges and prospects
Nursilah Ahmad1, Zurina Kefeli @ Zulkefli2.
Labuan was declared as an International Offshore Financial Centre (IOFC) IN 1990, with a goal of developing an international Malaysian Capital market. Malaysian government has spared nothing in building up-to-date infrastructures in Labuan to portray the image of world class IOFC. Its objective is to be a financial ‘supermarket ‘offering a wide range of offshore financial products, which specializes in Islamic financial instruments.
Affiliation:
- Islamic University College of Malaysia, Malaysia
- Islamic University College of Malaysia, Malaysia
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