MobilityOne (LSE:MBO) has addressed media reports indicating that its Malaysian subsidiary had already secured a full Shariah-compliant Islamic digital banking licence from the Labuan Financial Services Authority. The company clarified that it received conditional approval in December 2025 to establish MBO Bank (Labuan) Limited, which is intended to operate as an Islamic digital bank. However, several regulatory requirements—covering capital, governance, and operational readiness—must still be fulfilled before a full licence can be issued.
The group said it is currently working to meet these conditions set by the Labuan regulator. Until those requirements are satisfied, the banking licence remains conditional and the planned digital banking operations cannot begin. As a result, the initiative is still in the preparation and compliance stage, meaning it will not yet have an immediate effect on the company’s operations or competitive position. Nevertheless, the project reflects MobilityOne’s broader ambition to expand into regulated Shariah-compliant digital banking services.
From an investment perspective, the company’s outlook remains constrained by weak financial fundamentals, including losses, thin margins, negative equity, and pressured cash flows. Technical indicators offer some support, with the share price trending above major moving averages and a positive MACD signal. Valuation remains difficult to assess due to negative earnings and the absence of dividend yield data.
More about MobilityOne
MobilityOne Limited is a Malaysia-based e-commerce infrastructure and payment solutions provider. The company operates as a virtual distributor of mobile prepaid reload and bill payment services while supporting a broader fintech ecosystem. Through integrations with banks, telecommunications providers, utilities, government agencies, and transport operators, MobilityOne delivers services such as digital wallets, e-money, remittances, lending solutions, and payment processing. These services are accessible through multiple channels, including mobile wallets, e-commerce platforms, kiosks, ATMs, and banking interfaces.
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