**Summary**
MobilityOne Limited, an e-commerce infrastructure payment solutions provider, announced on December 31, 2025, that its Malaysian subsidiary, MobilityOne Sdn Bhd, has received conditional approval from the Labuan Financial Services Authority (Labuan FSA) to establish an Islamic digital banking subsidiary named MBO Bank (Labuan) Limited in Labuan, Malaysia. The approval allows MBO Bank to offer a range of Shariah-compliant offshore financial services, including digital deposits, Islamic financing, and cross-border corporate solutions.
While the approval marks a significant step for MobilityOne to expand into full-scale digital banking, the company does not expect to generate revenue from this venture in the financial year ending December 2026. Preparatory work is required to meet Labuan FSAs conditions, including securing sufficient capital reserves, implementing strong corporate governance, and complying with operational and prudential requirements. MobilityOne plans to collaborate with strategic partners and investors to fulfill these conditions.
The move aligns with Labuans position as an offshore financial center promoting Islamic digital banking, leveraging global trends in the expanding digital banking market. MobilityOnes CEO, Dato Hussain A Rahman, highlighted the approval as a milestone in expanding the companys fintech ecosystem and a <mark style="background-color:yellow">test</mark>ament to Labuan FSAs confidence in their business model and regulatory compliance.