Lofsa To Promote Islamic Financial Products
The Labuan Offshore Financial Services Authority (Lofsa) is developing and
promoting innovative shariah-compliant financial investment instruments,
the organisation's new Director General, Rosnah Omar, told investors this week.
Rosnah was speaking in Kunching, during a tour to promote the Malaysian jurisdiction as
a leading international offshore financial centre, where she informed
the audience that Islamic financing would be encouraged through the Labuan International
Financial Exchange. “More than 60 countries are now represented in the Labuan IOFC through offshore
firms, reflecting an increasing global awareness as well as recognition and
acceptance of Labuan as an attractive, viable and cost-effective offshore base,”
she told the assembled delegates. According to Rosnah, Losfa has registered some 3,865 offshore firms which includes
the top twenty global banks, high-profile insurance firms, leasing fund management
companies and professional service providers. .
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