IslamicFinance.de

Elaf Bank B.S.C. and Ohad Trust B.S.C. have formed a joint venture in Labuan, the result being the fact that Labuan Financial Services Authorities (LFSA) has granted a "trust" licence under Ohad Trust (Labuan) Bhd (Ohad Labuan).
the licence will give permission to Ohad Labuan to work on trust, foundations, fund administration, registrar and custody assignments in Malaysia.

Banks from Japan to Bahrain are aiming to open offices in Malaysia to take advantage of the growth in Islamic finance assets in the world’s biggest sukuk market.
Mizuho Financial Group Inc has applied for a licence to offer foreign-currency Syariah-compliant services in the country. An aproximatly equal licence was given to Bahrain’s Elaf Bank B.S.C. in June.