IBFC PAR - the equivalent of operating profit - was up by a massive 29 per cent to pounds 59.
The survey found that, while there were pockets of the country that experienced negative IBFC PAR movement, for the majority of provincial chain hotels October was a month of steady and solid profit growth.
This collaboration with Labuan IBFC is a perfect fit for INCEIF as we both share a vision to develop and promote knowledge in Islamic finance particularly in Islamic wealth management.
The MoU was finalized by Mr Saiful Bahari Baharom, Chief Executive Officer, Labuan IBFC Inc.
Richard Teng, Chief Executive Officer, Financial Services Regulatory Authority of ADGM, said, "We are pleased to continue nurturing this strategic relationship with our Asian partners of the Labuan IBFC and Labuan FSA.
As part of their agreement, ADGM and Labuan IBFC will explore mutually beneficial projects to facilitate long term opportunities in infrastructure financing, new innovations in areas of Fintech and green finance.
Mah, who is also the Deputy Director General of Labuan FSA, in his speech at the Jakarta chapter of the Roadshow said, "What makes Labuan IBFC
different is that it was established with the main aim of intermediating cross border trade and investments in the region.
It is for this reason that Labuan IBFC
, which already offers a range of legal entities for the purpose of wealth management, took the decision to jointly host the inaugural Islamic Wealth Management Symposium today, in association with CIWM," Saiful added.
Mr Daud Vicary Abdullah, President and Chief Executive Officer of INCEIF said, "This collaboration with Labuan IBFC
is a perfect fit for INCEIF as we both share a vision to develop and promote knowledge in Islamic finance particularly in Islamic wealth management.
The panel included a number of professionals from global institutions such as Ernst & Young, Deutsche Bank, and Labuan IBFC
discussing "Will Islamic Finance crash?
Inc is LOFSA's wholly owned subsidiary of Labuan International Business and Financial Centre (Labuan IBFC
As the Director-General of LOFSA, Dato' Azizan has overseen the realisation of several key initiatives to position Labuan as a premier international business and financial centre, including the rebranding of Labuan in January 2008 as Labuan International Business and Financial Centre (IBFC
), establishment of a separate entity that undertakes the promotion and marketing of Labuan IBFC
, and the flexibility of co-location for Labuan holding companies in Kuala Lumpur as part of the national financial liberalisation measures.