Labuan Financial Services Authority
(the regulatory body for Labuan International Business and Financial Centre)
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.
Anti-Money Laundering & CFT Compliance
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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.
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.
Celebrating 35 Years of Excellence
AWARDS:
Gold Award Category by MIHRM 2024
(Employee of Choice - Public Sector)
Global Islamic Finance Awards 2024
(Best International Jurisdiction for Islamic Banking and Finance 2024)
The BrandLaureate Brand of the Year 2022
(FinTech – Islamic Financial Services)
