DISCOVER LABUAN INTERNATIONAL BUSINESS AND FINANCIAL CENTRE LABUAN IBFC IS THE OFFICIAL AGENCY SANCTIONED BY THE MALAYSIAN GOVERNMENT TO MARKET LABUAN AS THE PREMIER INTERNATIONAL BUSINESS AND FINANCIAL CENTRE IN ASIA PACIFIC
Benefits of international financial centres for issuers 2
Selecting a Domicile Robust Regulatory Environment Islamic Infrastructure DTA Access Cost CHOSEN JURISDICTION 3
Labuan Market Positioning DTA - DRIVEN Labuan (Malaysia) Dubai ILLUSTRATIV E London Singapore Luxembourg Mauritius NON DTA DRIVEN Brunei Qatar Bahrain Cayman Islands Hong Kong BVI Anguilla Seychelles ISLAMIC CONVENTIONAL 4
Our goal is to be the premier International Business and Financial Centre in the Asia Pacific region LABUAN IBFC IS THE OFFICIAL AGENCY SANCTIONED BY THE MALAYSIAN GOVERNMENT TO MARKET LABUAN AS THE PREMIER INTERNATIONAL BUSINESS AND FINANCIAL CENTRE IN ASIA PACIFIC 5
Apart from being a nice place...
CONNECTED. 7
CONVENIENT. Type of Application Company incorporation and registration Leasing and Fund Management licences Banking and Insurance licences Time to approve One (1) day [online] Three (3) weeks One (1) month One-stop regulator (LOFSA) with offices in KL, and plans to be represented in other regional centres. 8
COST EFFICIENT. SOURCE: Ernst & Young / Equity Trust / CSR; exchange rates as at July 2008. 9
Labuan IBFC: facilitating international trade and global investment flows Significant financial structures / transactions out of Labuan in 2008: 10
TRACK RECORD LABUAN IBFC INC IS THE OFFICIAL AGENCY SANCTIONED BY THE MALAYSIAN GOVERNMENT TO MARKET LABUAN AS THE PREMIER INTERNATIONAL BUSINESS AND FINANCIAL CENTRE IN ASIA PACIFIC
World s First Islamic Products out of Labuan IBFC 2008 2007 2006 2002 2001 Note **: Best Asian Sovereign Bond of Year 2002, Euromoney Deal of the Year 2002, Institutional Investor Most Innovative Capital Markets Transaction 2002, FinanceAsia Most Innovative Bond Deal 2002, FinanceAsia Sovereign Bond of the Year 2002 Best Structured Islamic Financial Instrument, Islamic Banker 12
Recent transaction out of Labuan 13
Performance 2008 Areas with strong growth: Islamic private funds size: USD2.8 billion with 37% market share and 100% growth Retakaful: more than USD160 million in gross contribution with 15% market share and 8% growth Sectors remained resilient: Islamic Banking Profit Before Zakat recorded more than 20% growth to record USD22 million Islamic banking deposit of more than USD330 million with 34% growth Islamic banking financing increase by 13% to record more than USD230 million Sectors impacted by crisis: Decline in Islamic banking assets by 30% Decline in sukuk issuance 14
GOING FORWARD LABUAN IBFC IS THE OFFICIAL AGENCY SANCTIONED BY THE MALAYSIAN GOVERNMENT TO MARKET LABUAN AS THE PREMIER INTERNATIONAL BUSINESS AND FINANCIAL CENTRE IN ASIA PACIFIC
Labuan ideal domicile for.. Structure d financing / SPVs (e.g. leasing, M&A) Wealth Manageme nt (e.g. trusts and foundations) Funds (e.g. ETF, private & public equity, REITs) Captive Insurance (e.g. rent-acaptive, protected cell company) Company Incorporatio n (e.g. holding co., trading co., branch ) ISLAMIC FINANCE 16
Why Labuan for Islamic Finance? Speed of Incorporation & Syariah certification 17
Please visit www.labuanibfc.my LABUAN IBFC IS THE OFFICIAL AGENCY SANCTIONED BY THE MALAYSIAN GOVERNMENT TO MARKET LABUAN AS THE PREMIER INTERNATIONAL BUSINESS AND FINANCIAL CENTRE IN ASIA PACIFIC
LABUAN INTERNATIONAL BUSINESS & FINANCIAL CENTRE INCORPORATED SDN BHD (817593 D) MARKETING OFFICE: SUITE 3, LEVEL 11, BLOCK 2B, PLAZA SENTRAL JALAN STESEN SENTRAL, KL SENTRAL, 50470 KUALA LUMPUR, MALAYSIA TEL +603 2773 8977 FAX +603 2780 2077 www.labuanibfc.my LABUAN IBFC IS THE OFFICIAL AGENCY SANCTIONED BY THE MALAYSIAN GOVERNMENT TO MARKET LABUAN AS THE PREMIER INTERNATIONAL BUSINESS AND FINANCIAL CENTRE IN ASIA PACIFIC