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Labuan IBFC is Internationally Recognised for its Islamic Finance Offering at the WealthBriefingAsia Awards 2014
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SINGAPORE, 3 June 2014 – Labuan International Business and Financial Centre (Labuan IBFC) collected an award at the prestigious 2014 WealthBriefingAsia Awards ceremony in Singapore that gathered more than 200 practitioners and professionals from the international financial services community. The midshore international business and financial centre won the esteemed 'Editor's Award' in the category of Best Islamic Finance Offering in Wealth Management for its innovation and excellence during 2013.

In selecting the winner for the EDITOR'S AWARD - ISLAMIC FINANCE OFFERING, the judges declared "being impressed by the way Labuan IBFC maintains a panel of Islamic wealth management specialists available both to respond to client queries, and to advise on new developments and trends. It has also made significant inroads in driving collaboration with other like-minded institutions."

Receiving the award for Labuan IBFC was its Chief Executive Officer, Saiful Bahari Baharom who said the award was testament of the jurisdiction's active efforts in promoting Islamic wealth management.

"This award reflects our commitment and drive to develop Labuan IBFC as an internationally recognised midshore jurisdiction well-positioned to cater for the growing Shariah-compliant wealth management industry. Labuan IBFC, with its effective regulatory and facilitative business environment, has been steadily attracting clients and businesses looking for Shariah-compliant versions of private trusts and foundations to meet both their private wealth and business succession needs," he commented.

He also added that Labuan IBFC Inc is pleased to be placed in the same league as other world-renowned brands and institutions such as Accenture, Baker & McKenzie, Citi Private Bank, Coutts, Deloitte, HSBC Private Bank, RBC Wealth Management and Standard Chartered Private Bank.
Saiful Bahari Baharom (centre), Chief Executive Officer at Labuan IBFC receiving the 'Editor's Award' for Best Islamic Finance Offering from Bruce Weatherill (left), Chairman of Clearview Financial Media and Stephen Harris (right), Chief Executive and Publisher of Clearview Financial Media at the WealthBriefingAsia Awards 2014 in Singapore.

Labuan IBFC offers a wide range of business opportunities for both international corporations and high-net-worth individuals, including Protected Cell Companies, Foundations, Labuan Special Trusts, and Private Trust Companies. The jurisdiction established the Labuan Islamic Financial Services and Securities Act 2010 and the first Shariah-compliant foundation was set up in Labuan IBFC in 2010.

WealthBriefing is a leading provider of news and information for the global wealth management industry. The Singapore instalment of the WealthBriefingAsia Awards, currently in its second year, is part of an annual global awards programme for the private investment and private client communities.
 

MEDIA CONTACTS: 

Shamillia Sivathambu
Labuan IBFC Inc Sdn Bhd
Suite 3A-2, Level 2, Block 3A,
Plaza Sentral, Jalan Stesen Sentral, KL Sentral,
50470 Kuala Lumpur, Malaysia
Tel +603.2773.8977 (GL) | Fax +603.2780.2077
pressteam@libfc.com



ABOUT LABUAN IBFC - ASIA PACIFIC'S MIDSHORE INTERNATIONAL BUSINESS AND FINANCIAL CENTRE

Labuan International Business and Financial Centre (Labuan IBFC) offers global investors the benefits of a leading international financial centre with access to Malaysia's network of over 70 double taxation treaties. As a leading midshore jurisdiction, investors enjoy the benefits of Labuan's efficient fiscal framework and market-friendly business environment, supported by professional service providers specialising in all aspects of Insurance, Takaful, International Tax, Trust and Law. 

Located off the North West coast of Borneo, Labuan IBFC is a leading jurisdiction for conventional and Islamic financial services. Please visit: www.libfc.com.

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