• LABUAN IBFC INDUSTRY AWARDS 2024 (LIFIA 2024)

    We are pleased to inform that we have received some nominations from the industry for the LIFIA24. The nominations are currently undergoing the filtering and assessment process by independent judges, with none from the Labuan FSA. 

    We wish you all the best and, winners will be announced at the Industry Dinner on 8 November 2024.

  • Budget 2025: Expansion of Income Tax Exemption for Islamic Financial Activities in Labuan IBFC

    • The tax exemption for Islamic financial activities has been expanded to include the (re)Takaful sector, effective from the Year of Assessment 2025 to Year of Assessment 2028. 
    • This expanded incentive broadens the range of qualifying business activities driven by digital technology in Labuan IBFC, fuelling growth and reinforcing Labuan’s position as the premier hub for Islamic finance in the region.

  • Labuan Financial Services Authority

    (the regulatory body for Labuan International Business and Financial Centre)


  • Labuan FSA : Exposure Draft 



    (1) Exposure Draft Guidance Notes Family Office Package Labuan IBFC

  • Masterplan For World’s First Labuan Shariah-Compliant Blockchain Hub

    The unique features of Labuan Shariah-compliant blockchain are:

    • Creates a financial system that promotes social justice, economic stability, and ethical behaviour in accordance with the principles of Shariah law
    • Screens and eliminates prohibited activities such as interest-based transactions, uncertainty or speculation
    • AI technology helps to monitor end-to-end transactions are Shariah-compliant
    • Employs smart contracts on the blockchain to automate and enforce contractual process for Islamic institutions within the Shariah parameters

  • LABUAN FSA SPEAK UP CHANNEL

    This is an independent whistleblowing  service managed by Deloitte:

  • NO GIFT POLICY

    • Labuan FSA subscribes to the principles of INTEGRITY and TRANSPARENCY in the conduct of its business
    • Labuan FSA adopts a No Gift Policy to avoid conflict of interest or the appearance of conflict of interest situations to ensure that all employees of Labuan FSA remain independent and impartial in performing their duties and responsibilities
    • Labuan FSA also seeks cooperation from the public to respect the No Gift Policy

  • WHISTLEBLOWING POLICY & BUSINESS ETHICS

    Whistleblowing policy is intended to address genuine concerns over any improper conduct that may occur in Labuan FSA and its subsidiaries. This policy provides procedures for public to lodge report of improper conduct.


    Act with integrity. Say it right. Do it right!

Anti-Money Laundering & CFT Compliance
LATEST UPDATE

GUIDELINES, DIRECTIVES AND CIRCULARS
HIGHLIGHTS
In line with Labuan FSA’s strategic drive to transition Labuan IBFC as a green and sustainable market, LiST signifies a maiden effort to embed sustainability awareness as a business culture within Labuan IBFC.

Generally, LiST is intended to be a common reference point in effecting sustainability measures within the Centre. Specifically, LiST will guide and harmonise the manner in which Labuan financial institutions identify, assess, and classify their business activities in accordance with a common sustainability objective of Labuan IBFC.
Labuan FSA is vigilantly monitoring the impact of Covid-19 on the Centre. While the situation continues to evolve, the well-being and safety of staff, stakeholders and industry players remain as a paramount important. Labuan FSA will strive to ensure the Centre’s business operations and delivery of services remain uninterrupted.
Labuan FSA Speak Up is an independent whistleblowing service managed by Deloitte on behalf of Labuan FSA. Labuan FSA takes whistleblowing very seriously and will review all reports and initiate an investigation where possible. Reports are completely confidential, and you are not required to reveal your identity until you choose to do so.

Click here to lodge a report now.

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