press release
Unveiling Labuan as Asia’s Islamic Digital Asset Centre (IDAC) – Pioneering New Asset Class
4 Oct 2022 | Tuesday Labuan Financial Services Authority
The Labuan Financial Services Authority (Labuan FSA) hosted a forum on “Unveiling Labuan as Asia’s Islamic Digital Asset Centre – Pioneering New Asset Class” on 4 October 2022 in Kuala Lumpur, Malaysia. The forum was hosted in conjunction with the Global Islamic Finance (GIFF2022) from 5 to 6 October 2022.
In line with the commitment made by Labuan FSA in the Labuan IBFC Strategic Roadmap 2022-2026, the strategic goal of the Islamic Digital Asset Centre or in short, IDAC, is to attract more digital assets and Fintech players to Labuan, and to carve out a niche in the digital Islamic finance space. This is unique in the world and will provide an alternative platform to the conventional digital finance landscape.
