Cover Image

Labuan International Offshore Financial Center (Labuan IOFC): Performance, Challenges and Prospects

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...

Full description

Saved in:
Bibliographic Details
Main Authors: Nursilah Ahmad, Zurina Kefeli @ Zulkefli
Format: Book chapter
Language:English
Published: Kolej Universiti Islam Malaysia 2012
Online Access:http://ddms.usim.edu.my/handle/123456789/5585
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.usim-5585
record_format dspace
spelling my.usim-55852015-03-02T06:49:51Z Labuan International Offshore Financial Center (Labuan IOFC): Performance, Challenges and Prospects Nursilah Ahmad Zurina Kefeli @ Zulkefli 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. Labuan has done well at the onset of its operation by attracting some renowned world-class international banks, including triple-A rating of Bayerische Landesbank. However, the financial crisis that hit Asia in 1997 did indeed some damages to the rising IOFC. In the meantime, many Islamic countries are also in doubt on some of its Islamic financial instruments, making its niche fumbled. Recent developments in Islamic financial instruments, nevertheless, have given Labuan its much needed vehicle to survive and excel. 2012-06-14T04:40:49Z 2012-06-14T04:40:49Z 2002 Book chapter 1675-5936 http://ddms.usim.edu.my/handle/123456789/5585 en Kolej Universiti Islam Malaysia
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language English
description 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. Labuan has done well at the onset of its operation by attracting some renowned world-class international banks, including triple-A rating of Bayerische Landesbank. However, the financial crisis that hit Asia in 1997 did indeed some damages to the rising IOFC. In the meantime, many Islamic countries are also in doubt on some of its Islamic financial instruments, making its niche fumbled. Recent developments in Islamic financial instruments, nevertheless, have given Labuan its much needed vehicle to survive and excel.
format Book chapter
author Nursilah Ahmad
Zurina Kefeli @ Zulkefli
spellingShingle Nursilah Ahmad
Zurina Kefeli @ Zulkefli
Labuan International Offshore Financial Center (Labuan IOFC): Performance, Challenges and Prospects
author_facet Nursilah Ahmad
Zurina Kefeli @ Zulkefli
author_sort Nursilah Ahmad
title Labuan International Offshore Financial Center (Labuan IOFC): Performance, Challenges and Prospects
title_short Labuan International Offshore Financial Center (Labuan IOFC): Performance, Challenges and Prospects
title_full Labuan International Offshore Financial Center (Labuan IOFC): Performance, Challenges and Prospects
title_fullStr Labuan International Offshore Financial Center (Labuan IOFC): Performance, Challenges and Prospects
title_full_unstemmed Labuan International Offshore Financial Center (Labuan IOFC): Performance, Challenges and Prospects
title_sort labuan international offshore financial center (labuan iofc): performance, challenges and prospects
publisher Kolej Universiti Islam Malaysia
publishDate 2012
url http://ddms.usim.edu.my/handle/123456789/5585
_version_ 1645151705609797632
score 13.222552

Similar Items