Labuan IBFC is home to more than 50 banks which offer a wide range of wholesale commercial and investment banking solutions as well as services. Similar to Malaysia, Labuan IBFC offers dual financial system comprising conventional banking and Islamic finance. Majority of the Labuan banks belong to international banking groups particularly from Asia Pacific region. These banks operate as a regional hub in the Centre to tap into Asia’s growing business flows, cross-border trade and investment opportunities. The range of banking services include project and infrastructure funding, structured borrowings, trade and export financing, treasury services and financial advisory. Labuan IBFC also caters for digital financial services in the form of digital banking. A Labuan bank can be operated as a branch or subsidiary and can establish offices in other part of Malaysia other than in Labuan to facilitate their businesses.