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KUALA LUMPUR, Malaysia, Oct. 4, 2022 /PRNewswire/ 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 will be 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. As demand for sustainable finance is on the rise, the delivery of Islamic financial instruments is given a new lease of life, brought about by the advent of Islamic Fintech or the digital delivery of Islamic fin

Kuala lumpurUnited statesAsia pacificNik musaShariah supervisory councilDigital exchangeLabuan exchangeLabuan financial services authorityIslamic digital asset centreNew assetGlobal islamic financeIslamic fintechWelcome addressNik mohamed din musaLabuan islamicGuidance note