The Labuan Financial Services Authority (Labuan FSA) has appointed Mr Danial Mah bin Abdullah as its new director-general for a three-year term, effective October 3.
The World Wealth Report 2017 found that Asia-Pacific, North America and Europe contributed equally in pushing HNWI population and wealth up by 7.5% and 8.2% in 2016. While Asia-Pacific remains the world’s largest-HNWI market, its growth slowed slightly.
While enjoying massive success, Islamic finance has developed in a piecemeal fashion, with many warning that global standardisation is needed if it is to avoid fragmentation and successfully push into frontier markets.
Recent spate of natural disasters has put a spotlight on catastrophic losses and how captive insurance can play an "important role" in helping organisations “defray” some of the related financial losses.