About
LABUAN IBFC
The Midshore International Business and Financial Centre in Asia Pacific
Authority Members
Labuan FSA is governed by a board known as the Authority, whose members are appointed by the Minister of Finance for a term not exceeding three years, after which they are eligible for reappointment.

The current members comprise business leaders from the private sector as well as representatives from the government and statutory bodies. The roles and responsibilities of the Authority include setting the direction and policies relating to the conduct of business activities in Labuan IBFC. The day-to-day administration of Labuan FSA is entrusted to the Director-General.

The members of the Authority include:
Dato' Seri Muhammed Ibrahim 
Chairman
Datuk Oh Chong Peng
Dato’ Mohammed Azlan Hashim
Datuk Ali Abdul Kadir
Tan Sri Dato' Seri Ranjit Ajit Singh
Datuk Ahmad Hizzad Baharuddin
Dato' Zahrah Abd Wahab Fenner
Dato' Khodijah binti Abdullah
Mr. Azhar Ahmad

Dato' Seri Muhammed Ibrahim 
Chairman
Dato' Seri Muhammad Ibrahim was appointed Governor Bank Negara Malaysia on 1 May 2016. He chairs Bank Negara Malaysia's Monetary Policy and Financial Stability Committees. 

Prior to his appointment as Governor, Dato' Seri Muhammad Ibrahim was the Deputy Governor responsible for the development of the financial markets as well as Treasury operations including exchange and reserve management of the Central Bank. He also oversees the development of the banking sector including Islamic finance and insurance sector. 

Dato' Seri Muhammad Ibrahim is responsible for promoting Malaysia's agenda of migration to e-Payments aimed to generate cost and operational efficiency for businesses. He is also actively involved in collaborative efforts with the regional central banks to develop a multi-currency payment settlement platform aimed to enhance linkages in cross border transactions in trade and investment.

He also serves as Chairman of the Finance Accreditation Agency; Board member of the Retirement Fund Incorporated; member of the Malaysian Institute of Accountants; panel member of the National Trust Fund. He is also the Senate Chair of the International Centre for Education in Islamic Finance; was the Chairman of the Irving Fisher Committee on Central Bank Statistics, Bank for International Settlements; and a Fellow of the Asian Institute of Chartered Banker.

He holds a bachelor's degree in accounting from the University of Malaya and Master’s Degree from Harvard University and International Islamic University.

Datuk Oh Chong Peng
Datuk Oh is the Chairman of the Alliance Financial Group and Non-Executive Director of the various Board of public listed companies such as British American Tobacco (Malaysia) Berhad, Malayan Flour Mills Berhad, Dialog Group Berhad, WCE Holdings Berhad and a trustee of UTAR Education Foundation.

He was a partner of Coopers & Lybrand Malaysia and a government-appointed member of the Kuala Lumpur Stock Exchange (now known as Bursa Malaysia) as well as the Malaysian Accounting Standards Board.

Datuk Oh is a Fellow of the Institute of Chartered Accountants, England and Wales. He was a council member of the Malaysian Institute of Certified Public Accountants from 1981-2002 and served as President from 1994-1996.

Dato’ Mohammed Azlan Hashim
Dato’ Mohammed Azlan Hashim is Chairman of D&O Green Technologies Berhad, SILK Holdings Berhad, Labuan IBFC Inc. Sdn Bhd and Deputy Chairman of IHH Healthcare Berhad. 

He is also a board member of SCOMI Group Berhad; and Khazanah Nasional Berhad and a member of Investment Panel for the Employees Provident Fund and the Government Retirement Fund Inc.

He has extensive experience in the corporate sector, including financial services and investment. Positions that he has held include that of Chief Executive of Bumiputra Merchant Bankers Berhad, Group Managing Director of Amanah Capital Malaysia Berhad and Executive Chairman of Bursa Malaysia Berhad Group.

Dato’ Azlan holds a Bachelor of Economics (Monash) and qualified as a chartered accountant (Australia). He is a Fellow Member of the Institute of Chartered Accountants, Australia, Member of The Malaysian Institute of Accountants, Fellow Member of Malaysian Institute of Directors, Fellow Member of the Institute of Chartered Secretaries and Administrators and Hon. Member of The Institute of Internal Auditors, Malaysia.

Datuk Ali Abdul Kadir
Datuk Ali Abdul Kadir is the Chairman of Jobstreet Corporation Berhad, Privasia Technology Berhad and the Financial Reporting Foundation. He is currently serves as a Board Member of Glomac Berhad and Labuan FSA, and member of the Companies Commission of Malaysia’s Academic Advisory Panel. 

Previously, he was the Chairman of Milux Corporation Berhad and Microlink Solutions Berhad; and Director of Labuan IBFC Inc Sdn Bhd, Development & Commercial Bank Bhd (now RHB Bank), Tokio Marine & Fire Insurance Bhd and Takaful Malaysia Bhd.

Datuk Ali was appointed as the Chairman of the Securities Commission of Malaysia in 1999 and served in that capacity until 2004. He was a member of a number of national committees, including the National Economic Consultative Council, the Foreign Investment Committee, the Oversight Committee of National Asset Management Company (Danaharta) and the Finance Committee on Corporate Governance. On the international front, he was an Executive Committee Member for International Organisation of Securities Commissions (IOSCO); Chairman of IOSCO Asia-Pacific Region Committee and the Islamic Capital Market Working Group; trustee of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and Force of Nature Aid Foundation; and also Advisor to the Sri Lanka Securities and Exchange Commission.

Prior to his appointment at the Securities Commission, Datuk Ali was the Executive Chairman and Partner of Ernst & Young and its related firms. He was also the former President of the Malaysian Institute of Certified Public Accountants. He was Adjunct Professor in the University of Malaya’s Accounting and Business Faculty (2008 till 2011) and later appointed to the Advisory Board of the same Faculty.

Datuk Ali is a Fellow of the Institute of Chartered Accountants in England & Wales (ICAEW), and member of the Malaysian Institute of Certified Public Accountants and the Malaysian Institute of Accountants. He is also currently Honorary Adviser to ICAEW’s KL City Chapter, and Honorary Fellow of the Institute of Chartered Secretaries & Administrators (UK) and the Malaysian Institute of Directors.
In 2012, Datuk Ali was bestowed the Lifetime Achievement Award by ICAEW’s KL City Chapter, and KL City Chapter, and the President’s Award by the Malaysian Institute of Certified Public Accountants.

Tan Sri Dato' Seri Ranjit Ajit Singh
Tan Sri Dato' Seri Ranjit Ajit Singh is the Executive Chairman of the Securities Commission of Malaysia (SC). He was previously Managing Director of the SC and has over 20 years’ experience in the field of finance and securities regulation.

Tan Sri Dato' Seri Ranjit has played a key role in international securities regulatory policy work. He is the Vice-Chairman of the Board of the International Organisation of Securities Commissions (IOSCO), which is a global body of securities regulators. He is also the Chairman of IOSCO’s Growth and Emerging Markets Committee (GEM). 

Tan Sri Dato' Seri Ranjit currently chairs the Securities Industry Development Corporation, the Malaysian Venture Capital Development Council and the Capital Market Development Fund. He is also the Vice-Chairman of the Asian Institute of Finance and a member of the board of Labuan FSA, the Financial Reporting Foundation and the Malaysian Institute of Integrity (IIM).

Tan Sri Dato' Seri Ranjit is trained as a financial economist and accountant. He holds a Bachelor of Economics (Honours) degree and a Master of Economics degree in Finance from Monash University, Melbourne, and was conferred the degree of Doctor of Laws honoris causa by the same university. He is a Fellow of CPA Australia and has had prior working experience in Australia and Malaysia in academia, consulting and accounting.

Datuk Ahmad Hizzad Baharuddin
Datuk Ahmad Hizzad Baharuddin was appointed the Director-General of Labuan FSA on 3 October 2011. He currently serves as Director of Labuan IBFC Inc Sdn Bhd, Labuanfsa Inc Sdn Bhd, Pristine Era Sdn Bhd, Financial Park (L) Sdn Bhd and Labuan Corporation; and is a member of the Audit Committee of Labuan Corporation.

Datuk Ahmad Hizzad is also a Board Member of the International Islamic Financial Market in Bahrain. Prior to his appointment in Labuan FSA, Datuk Ahmad Hizzad was the Director of the Islamic Banking and Takaful Department at the Central Bank of Malaysia. Since beginning his career in the bank in 1986, Datuk Ahmad Hizzad has served in various departments across the bank. He holds a Master in Business Administration from St. Louis University, St. Louis, Missouri, USA.

Dato' Zahrah Abd Wahab Fenner
Dato' Zahrah Abd Wahab Fenner was appointed as the Chief Executive Officer (CEO) of Suruhanjaya Syarikat Malaysia (SSM) on 1 January 2015.

Dato' Zahrah began her career as an Advisor Accountant with the Royal Malaysian Customs and Excise Department and served the department from 1984 to 1992 where she advised on matters relating to valuation and standard international practices of the open market. Between the years 1992 to 1995, Dato' Zahrah was attached to the Ministry of Foreign Affairs as the Principal Accountant and she was responsible for the financial accounts and auditing of the Malaysian Embassies and High Commissions worldwide. Later she joined the Registrar of Companies in 1995 and served as Chief Accountant until 16 April 2002. 

Prior to her appointment as CEO in SSM, she held the post of Deputy Chief Executive Officer (Services) (DCEO Services). She is also a member of the Approval and Implementation Committee of the Iskandar Regional Development Authority (IRDA) and a council member of the Malaysia Institute of Accountants since 16 July 2011. When she was serving as the DCEO (Services), she spearheaded the Corporate Resource Division, Information Communication & Technology, SSM Training Academy (COMTRAC) and the Public Affairs Section.

Dato' Zahrah holds a Degree in Accounting from Universiti Kebangsaan Malaysia (UKM) and she is a member of Malaysian Institute of Accountants and a Chartered Accountant Malaysia.

Dato' Khodijah binti Abdullah
Dato’ Khodijah Abdullah has been working in public service since 1983. Her first job was as an Assistant Director in the Industries Division, Ministry of International Trade and Industry (MITI). 

Her job functions in the Industries Division, MITI were processing and evaluating applications submitted by electronic and electrical, iron and steel as well as motor vehicle sector for manufacturing licenses under the Industrial Coordination Act 1975 and application for tax incentives under the Investment Incentives Act 1968 and Promotion of Investment Act 1986.

Since 1989 until the present date, Dato’ Khodijah Abdullah has been working in the Tax Division of the Ministry of Finance. She has been involved in policy formulations for the direct and indirect taxes and also for the tax incentives undertaken during the yearly Budget exercise as well as those undertaken outside Budget exercises. She leads the Malaysian delegation to negotiate on an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and the Tax Information Exchange Agreement. She is also a member for negotiations on other international agreements at the bilateral, regional and multilateral levels such as the free trade agreements (FTAs), Joint Development and Cooperation Agreements, Investment Guarantee Agreements and the General Agreement on Trade and Tariff (GATT) of the World Trade Organization.

Dato’ Khodijah Abdullah holds a Degree in Agribusiness Science from the University Putra Malaysia (1981), Diploma in Public Administration from the National Institute of Public Administration of Malaysia (1982) and Master in Public Administration from the Kennedy School of Government, Harvard University, USA and Certificate in International Tax Program, Harvard Law School, Harvard University, USA (1997).

Mr. Azhar Ahmad
Mr. Azhar Ahmad was appointed as Chief Executive Officer of Labuan Corporation on 9 September 2016. Prior to his appointment in Labuan Corporation, he was Deputy Secretary of Strategic Unit in Planning Office, Ministry of Science, Technology and Innovation.

Mr. Azhar started his career in the Public Services Department and held various positions, among others, as Senior Assistant Director in Research and Policy Division, Senior Assistant Director in Organizational Development Division and Deputy Director of Economic Sector and Administration Sector, Organizational Development Division.

Mr. Azhar Ahmad holds a Masters degree in Human Resource Development from Universiti Putra Malaysia; a bachelor degree in Computer Science (Honours) from Universiti Malaya; and a Diploma in Public Administration from Malaysia’s National Institute of Public Administration (INTAN).
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