THE FINANCIAL HUB RACE
Malaysia’s strongest card in multi-hub push could be Islamic finance
The country is not short of financial-hub options; the challenge is making them come together
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South-east Asia is building a new generation of financial centres to draw global capital. The second instalment in our series examines Malaysia’s multi-hub strategy.
[KUALA LUMPUR] From Labuan’s offshore financial jurisdiction off the coast of Sabah, to Kuala Lumpur’s purpose-built Tun Razak Exchange (TRX), Malaysia has assembled different pieces of an international financial ecosystem, backed by targeted rules, incentives and infrastructure.
Forest City – while not formally an International Financial Centre (IFC) – adds a newer and more targeted play, having been designated a special financial zone in 2023.
