Elaf Bank forms joint venture with Ohad Trust in M'sia

Elaf Bank B.S.C. and Ohad Trust B.S.C. have formed a joint venture in Labuan, the result being the fact that Labuan Financial Services Authorities (LFSA) has granted a "trust" licence under Ohad Trust (Labuan) Bhd (Ohad Labuan).
the licence will give permission to Ohad Labuan to work on trust, foundations, fund administration, registrar and custody assignments in Malaysia.