The Labuan International Business and Financial Centre (Labuan IBFC) will introduce the MADANI Captive Insurance Programme under the 2026 national budget.

The programme will serve as a new national instrument for risk management.

It aims to reduce reliance on public funds by channeling risk financing through captive insurance and takaful platforms, providing a more efficient and cost-effective way to manage risks.

It was announced by Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim during the tabling of the Fourth MADANI Budget.

Further details about the programme’s structure and implementation were not provided.

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