Labuan has been developed primarily as an international centre for business and financial services for investments in Asia. Labuan International Business and Financial Centre (Labuan IBFC) is one of the few integrated midshore financial centres well established in the vicinity of developing economies in Asia. It offers a full range of financial products and services for corporations and individuals, both in the conventional and Islamic spaces.
Etiqa's history began in 2005 when Maybank Ageas Holdings Berhad (formerly known as Mayban Ageas Holding Berhad), Maybank's insurance and takaful arm consisting of Mayban General Assurance, Maybank Life Assurance and Maybank Takaful merged with Malaysia National Insurance Berhad, Malaysia's largest national insurer and its subsidiary, Takaful Nasional Sdn Bhd, Malaysia's premier Takaful provider. Two years following the merger, in 2007, the name Etiqa was born.
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